Canada Rapid Response Bank of Canada Policy Announcement (Oct. 2024) The weak economic backdrop means there is a strong case for the Bank of Canada to follow its larger 50bp cut today, which took the policy rate to 3.75%, with another 50bp move at the next meeting in... 23rd October 2024 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Oct.) The Hungarian central bank acknowledged the possibility that interest rates could be left on hold for an “extended period” after it paused its easing cycle today. We maintain our forecast that the... 22nd October 2024 · 2 mins read
Europe Economics Weekly Weak euro-zone activity data, ECB responds As widely expected, the ECB cut its policy rates by 25bp yesterday, but its policy statement was a bit more dovish than anticipated and a 50bp cut in the future is a growing possibility. Meanwhile... 18th October 2024 · 5 mins read
Europe Economics Update 25bp rate cuts by ECB most likely, but 50bp possible Christine Lagarde’s message in today’s ECB press conference was distinctly dovish and supports our view that the ECB will cut interest rates by 25bp at each of the next few meetings, at the very least... 17th October 2024 · 3 mins read
Europe Rapid Response ECB Policy Announcement (October 2024) Alongside its decision to cut interest rates by 25bp, the ECB stuck to its guidance about data dependence and making decisions on a meeting-by-meeting basis. But the press release also acknowledged... 17th October 2024 · 2 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Oct.) The decision by the Turkish central bank to leave its policy rate on hold again today, at 50.00%, was accompanied by communications which support our view that monetary easing is still some way off... 17th October 2024 · 2 mins read
Bank of Canada Watch Bank to accelerate loosening with 50bp cut The Bank of Canada has said that it would be willing to cut interest rates “more quickly” if the data surprised to the downside of its forecasts, which is exactly what has happened since the Bank’s... 16th October 2024 · 7 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (October 2024) The central bank in the Philippines cut rates by 25bps and signalled that the recent economic data support its shift towards a looser monetary policy stance. Further gradual loosening lies in store in... 16th October 2024 · 2 mins read
Europe Economics Weekly France’s 2025 budget; two-way risk for energy prices Having survived a vote of no confidence earlier in the week, France’s government presented its 2025 budget on Thursday, which highlighted the perilous state of the public finances. Meanwhile, energy... 11th October 2024 · 6 mins read
Australia & New Zealand Economics Weekly RBNZ may consider a 75bp cut in November The RBNZ struck a rather dovish tone when it cut rates by 50bp at its meeting this week. We think that the Bank's concerns about the state of the economy are well founded, especially with new data... 11th October 2024 · 5 mins read
ECB Watch Quarter-point cuts will keep on coming A 25bp interest rate cut looks nailed on next week, taking the deposit rate down to 3.25%. Christine Lagarde is likely to reiterate that policymakers expect to reduce rates further but avoid... 10th October 2024 · 7 mins read
US Rapid Response Fed Minutes (Sept 17-18) The minutes of the mid-September FOMC meeting reveal that support among Fed officials for kicking off the loosening cycle with a bigger 50bp rate cut was a little weaker than the lone dissent on the... 9th October 2024 · 2 mins read
