UK Economics Rapid Response

Bank of England Policy Announcement (20th Jun. 2024)

20th June 2024 · 2 mins read

Middle East & North Africa Economics Weekly

Lebanon on the brink, Hajj underway, Morocco rates

Tensions between Hezbollah and Israel have ratcheted up in recent weeks and now threatens to draw Lebanon directly into the war. The economy is already in the midst of one of the worst crises on...

20th June 2024 · 6 mins read

Europe Economics Update

SNB cuts rates again, but likely to be last one this year

The SNB’s decision to cut the policy rate from 1.5% to 1.25% was probably more influenced by the appreciation of the franc over the last two months than any perceived easing in domestic inflation...

20th June 2024 · 3 mins read

Asia Rapid Response

Indonesia Policy Rate (June 2024)

Bank Indonesia today left interest rates unchanged (at 6.25%), but hinted at possible rate cuts later in the year, provided that the rupiah stabilises against the US dollar. The central bank’s dovish...

20th June 2024 · 2 mins read

Europe Rapid Response

Norges Bank Policy Announcement (June 2024)

Norges Bank’s verbal guidance and updated interest rate projections reinforce the message that it won’t start cutting interest rates until the end of the year at the earliest.

20th June 2024 · 2 mins read

Europe Rapid Response

Swiss National Bank Policy Meeting (June. 2024)

Today’s decision by the SNB to reduce its policy rate from 1.5% to 1.25% was correctly anticipated by two thirds of economists surveyed by Reuters. (We were in the minority anticipating a hold.) In...

20th June 2024 · 1 min read

Capital Daily

Depth of rate cuts matters more for markets than timing

Although the Reserve Bank of Australia – which left policy on hold today – looks set to be the last developed market central bank to join the easing cycle now underway among developed economies, we...

18th June 2024 · 4 mins read

Emerging Europe Rapid Response

Hungary Interest Rate Announcement (Jun.)

The communications accompanying the decision by the Hungarian central bank to cut its base rate by a smaller 25bp today, to 7.00%, were fairly hawkish and support our view that the base rate will only...

18th June 2024 · 2 mins read

Australia & New Zealand Economics Update

RBA will only cut rates next year

The RBA discussed another rate hike at today’s meeting and an upside surprise to Q2 inflation could force its hand at its August meeting. However, with capacity constraints easing and government...

18th June 2024 · 3 mins read

Australia & New Zealand Rapid Response

Reserve Bank of Australia Meeting (June 2024)

18th June 2024 · 2 mins read

Japan Economics Update

Bank will hike its policy rate once more in July

The Bank of Japan disappointed markets today by announcing that it will only present a detailed plan for reducing its bond purchases at its July meeting. We think it will also deliver a final policy...

14th June 2024 · 3 mins read

Japan Rapid Response

Bank of Japan Meeting (Jun. 24)

The Bank of Japan announced today that it will present a detailed plan for reducing its bond purchases at the upcoming meeting in July and we think it will also deliver a final policy rate hike then...

14th June 2024 · 2 mins read

BoE Watch

BoE not ready to follow in the ECB’s footsteps…yet

Far more interesting than the probable decision by the Bank of England to leave interest rates at 5.25% on Thursday 20th June will be any clues on how soon and how far rates will be cut. If inflation...

13th June 2024 · 6 mins read

Europe Economics Update

SNB to keep rates on hold for rest of the year

The SNB is likely to keep rates on hold at 1.5% at its meeting next week as inflation in Q2 so far has been in line with the its forecast in March. Moreover, the latest data on wage growth were much...

13th June 2024 · 5 mins read

Europe Economics Update

Norges Bank to stick to hawkish tone

Norges Bank will leave its policy rate at 4.5% next week and reiterate that rate cuts are some way off. We think it will wait until December to start loosening monetary policy.

13th June 2024 · 2 mins read