Nordic & Swiss Rapid Response Norges Bank Policy Announcement (September 2022) 22nd September 2022 · 1 min read
Japan Economics Update BoJ will maintain negative rates and YCC settings The Bank of Japan kept policy loose and retained its easing bias today and we think it won’t tighten policy even as underlying inflation reaches its 2% target. 22nd September 2022 · 3 mins read
Nordic & Swiss Rapid Response Swiss National Bank Policy Meeting (Sep. 2022) 22nd September 2022 · 2 mins read
US Economics Update Fed delivers a hawkish 75bp hike The Fed stuck to the script in delivering a 75bp rate hike at its September meeting, but in our view still managed to deliver a hawkish message with the accompanying projections, which imply an... 21st September 2022 · 3 mins read
Capital Daily Bond market already firmly braced for a hawkish FOMC The extent of the monetary tightening now discounted in the US ahead of today’s decision by the FOMC suggests to us that long-term Treasury yields are likely to fall back in due course. 21st September 2022 · 6 mins read
India Chart Pack RBI’s CBDC may struggle for relevance The RBI this month asked four public-sector banks to trial its central bank digital currency (CBDC) before year-end, keeping to the timeline that it set out when plans were first announced in the FY22... 21st September 2022 · 9 mins read
Africa Data Response South Africa Consumer Prices (Aug.) The fall in inflation in South Africa, to 7.6% y/y in August, marked the first sign that price pressures are turning a corner. But we doubt this will be enough to convince the Reserve Bank to scale... 21st September 2022 · 2 mins read
Australia & New Zealand Economics Update RBA recapitalisation not off the table yet Despite incurring a record loss last year and now having to operate with negative equity, the RBA has not requested a recapitalisation from the government. But given that it did receive a capital... 21st September 2022 · 4 mins read
US Chart Pack Disinflationary wave is building The Fed looks set to deliver a third consecutive 75bp rate hike tomorrow, but if we’re right that inflation will fall back soon, officials will quickly pivot to much smaller hikes. The continued drop... 20th September 2022 · 8 mins read
Nordic & Swiss Economics Update Riksbank hasn’t finished “front-loading" Even after raising its policy rate by 100bp today, the Riksbank signalled that its tightening cycle has some way to go. We expect another large hike at its final meeting of the year in November... 20th September 2022 · 3 mins read
Asset Allocation Update What would a policy shift do for China’s markets? The outlook for China’s economy has deteriorated recently, but it still doesn’t look like the PBOC will ease policy much in response. We suspect that if the central bank were to have a change of heart... 16th September 2022 · 5 mins read
Canada Economics Weekly Peak rates likely to be lower in Canada We still expect the peak in interest rates to be markedly lower in Canada than the US, as household debt is a lot higher, labour market conditions are weaker and there is scope for a much bigger drop... 16th September 2022 · 6 mins read
