Australia & New Zealand Economics Update RBA will only cut rates in first half of next year The RBA didn’t discuss a rate hike at today’s meeting for the first time since March but reiterated its pledge that it won’t cut interest rates “in the near-term”. While the risks are starting to tilt... 24th September 2024 · 3 mins read
Europe Economics Weekly ECB-Fed revisited, France’s new government We do not think the Fed’s 50bp rate cut or the latest euro-zone HICP inflation breakdown will put the ECB off its plans for gradual policy easing. Meanwhile, France looks close to having a new... 20th September 2024 · 7 mins read
Japan Economics Update Bank of Japan will hike rates once more in December The Bank of Japan today signalled that it’s in no rush to tighten monetary policy any further and we’re pushing back our forecast for a final rate hike to 0.5% from October to December. 20th September 2024 · 3 mins read
Europe Economics Update SNB to match Fed’s bumper rate cut We think SNB Chairman Thomas Jordan will probably use his last meeting to once again surprise markets by cutting the policy rate by 50bp to 0.75%. Policymakers will be unhappy with the franc’s recent... 19th September 2024 · 5 mins read
Middle East & North Africa Economics Weekly Egypt-PIF investment, monetary policy in MENA The announcement that Saudi Arabia’s Public Investment Fund will invest $5bn into Egypt’s economy is a further sign that the weaker pound has made Egyptian assets more attractive and will help to put... 19th September 2024 · 7 mins read
UK Economics Update BoE stresses rate cuts will be gradual, but rates may still fall to 3% By leaving interest rates at 5.00% the Bank of England showed it is more like the ECB than the Fed and will continue to cut interest rates gradually rather than rapidly. We expect only one more 25... 19th September 2024 · 3 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Sep.) The communications accompanying the decision by the Turkish central bank to leave its policy rate on hold today, at 50.00%, were slightly more dovish than last month, but there are no clear signs to... 19th September 2024 · 2 mins read
UK Economics Rapid Response Bank of England Policy Announcement (19 Sep. 2024) By leaving interest rates at 5.00% the Bank of England showed it is more like the ECB than the Fed and is cutting interest rates gradually rather than rapidly. We expect only one further 25bps cut... 19th September 2024 · 2 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Sep. 2024) 18th September 2024 · 2 mins read
US Economics Update Fed opts to start loosening cycle with a bang The Fed did cut its policy rate by a bigger 50bp today, to between 4.75% and 5.00%, but the vote was not unanimous and the new rate projections point to smaller 25bp cuts at the remaining two FOMC... 18th September 2024 · 3 mins read
US Rapid Response Fed Policy Announcement (Sep) The Fed did cut its policy rate by a bigger 50bp, to between 4.75% and 5.00%, but the vote was not unanimous and the new rate projections only shows an additional 50bp of cuts between now and the end... 18th September 2024 · 2 mins read
Europe Economics Update Riksbank to continue loosening policy this year Unlike their counterparts in the Fed, policymakers at the Riksbank have ruled out making a bumper 50bp rate cut anytime soon. Instead, they are likely to cut their key policy rate by 25bp at next week... 18th September 2024 · 5 mins read
