Emerging Europe Data Response Poland Flash CPI (Oct.) The larger-than-expected 0.8% y/y fall in Polish consumer prices last month is likely to reinforce the MPC’s dovish stance. And interest rate cuts could come back onto the agenda, particularly if the... 2nd November 2015 · 1 min read
Latin America Economics Update Further interest rates hikes likely in Colombia The decision by Colombia’s central bank to hike interest rates by more than expected was a move partly designed to clamp down on a recent surge in inflation but also to maintain its credibility in the... 2nd November 2015 · 1 min read
Australia & New Zealand Chart Pack Worrying fall in underlying inflation The further fall in underlying inflation in Australia in the third quarter could be the start of a period of persistently low inflation that plays a role in prompting the Reserve Bank of Australia to... 2nd November 2015 · 1 min read
Japan Data Response Unemployment, Consumer Prices, Household Spending (Sep.) The renewed rise in inflation excl. fresh food and energy in September would provide a reason for the Bank of Japan to leave policy settings unchanged later today. But the rebound in underlying... 30th October 2015 · 1 min read
Canada Economics Weekly Core inflation measure likely to be switched next year Given the success of inflation targeting at lowering trend inflation and anchoring inflation expectations, the formal inflation-control agreement between the Bank of Canada and Federal government isn... 30th October 2015 · 1 min read
Europe Economics Weekly Markets pressure ECB to deliver Policymakers at the ECB have seemingly been priming the markets for additional stimulus to be announced in December. With some form of easing now priced into the market, the Bank is under pressure to... 30th October 2015 · 1 min read
UK Economics Weekly Mr Osborne’s tax credit options Mr Osborne has various options to soften the impact of his cuts in tax credits, but all of them will cost him some money. Admittedly, this might “only” be a couple of billion for a couple of years... 30th October 2015 · 1 min read
Europe Data Response Euro-zone Flash CPI (Oct.) & Unemployment (Sep.) While the euro-zone avoided a second straight month of falling prices in October, the absence of inflation in the region keeps the pressure firmly on the ECB to expand its QE programme in December. 30th October 2015 · 1 min read
Japan Economics Weekly Yen still set to fall further as monetary policies diverge Japan’s economy probably shrank yet again last quarter, resulting in a renewed increase in spare capacity. With the outlook for growth and inflation both worse than policymakers predict, we continue... 30th October 2015 · 1 min read
Japan Economics Update Cautious Bank of Japan leaves door open for further easing The Bank of Japan pushed back the timing for reaching its 2% inflation target today and sees downside risks to economic activity. With underlying inflation likely to stall soon, we expect policymakers... 30th October 2015 · 1 min read
Emerging Europe Economics Update EM inflation to rebound soon Although aggregate EM inflation slowed slightly in September, it is set to rise in the months ahead as the drag from last year’s slump in oil prices fades. 30th October 2015 · 1 min read
Japan Data Response Household Spending (Sep.) The renewed rise in inflation excl. fresh food and energy in September would provide a reason for the Bank of Japan to leave policy settings unchanged later today. But the rebound in underlying... 30th October 2015 · 1 min read
Middle East & North Africa Economics Update Central Bank of Egypt holds rates as external concerns return A renewed focus on Egypt’s external position appears to have been the main reason why the central bank kept the benchmark overnight deposit rate unchanged at 8.75% today, rather than lower rates. The... 29th October 2015 · 1 min read
Europe Data Response German Flash CPI (Oct.) October’s rise in German HICP inflation provided some reassurance that a prolonged period of deflation is not just around the corner. But there is still little sign of underlying price pressures in... 29th October 2015 · 1 min read
Middle East & North Africa Chart Pack Saudi Arabia begins to tighten its belt The past month has brought the clearest signs yet that a fiscal squeeze in Saudi Arabia is looming. According to leaked memos, the Ministry of Finance has ordered government entities to halt new... 29th October 2015 · 1 min read
Europe Data Response EC Business & Consumer Survey (Oct.) October’s EC business and consumer survey suggested that the euro-zone’s economic recovery may have gathered some pace at the start of Q4. But it also showed that consumer inflation expectations... 29th October 2015 · 1 min read
