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Economic success will elude Macri in Argentina

Location:

ARGENTINA

The 2018 currency crisis left the economy in one of the deepest downturns of the last decade, repeating the cyclical pattern in place since 2011 of one year of growth followed by…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Brexit will renew pressure on Swiss franc

Location:

SWITZERLAND

Outlook for the Swiss economy.

Central European monetary policy may stay ultra-loose

Location:

CENTRAL EUROPE

Financial markets in Central Europe (CE) are closely correlated with those in the core of the euro-area and their central banks are the most dovish in emerging markets (EMs)…

Currency wars will break out globally

Location:

INTERNATIONAL

Since the start of 2015, 16 central banks have loosened monetary policy, partly because of the fallout from the oil price plunge, which is driving down inflation. This 'race to…

Chile budget seeks return to fiscal sustainability

Location:

CHILE

Through a much-tightened budget, the outgoing centre-right government of President Sebastian Pinera is attempting to set Chile on a post-pandemic course back to fiscal…

The Fed will be very cautious about policy tightening

Location:

UNITED STATES

The Fed targets an average annual inflation rate of 2% but, under its 2020 monetary policy framework, will tolerate a moderate overshoot to make up for past low inflation. The Fed…

Disorderly Central European asset sell-off is unlikely

Location:

CENTRAL EUROPE

With inflation rates rising and speculation mounting about the timing of the ECB’s own exit from its programme of quantitative easing (QE), last month’s decision by the Czech…

Market volatility endangers moves to replace LIBOR

Location:

INTERNATIONAL

The transition away from LIBOR.

Yen surge to question global monetary easing's effects

Location:

INTERNATIONAL

Despite aggressive easing by both the Bank of Japan (BoJ) and the ECB, including negative interest rates, the lowering of expectations over the scale and pace of rate hikes by the…