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monetary easing
Articles related to monetary easing
Poland’s Strong Consumption and Investment Point to Robust Growth with Mild Inflation Outlook
Combine rebounding investment with continued strength in private spending and you have a recipe for stronger economic growth. October's set of data suggests that GDP growth in the fourth quarter is likely to beat the 3.7% year-on-year rate posted in the third. At the same time, inflation is declining, which paves the way for another rate cut in December
NBP Poised to Continue Easing as Inflation Nears Target
The National Bank of Poland (NBP) has repeatedly warned of upside risks to inflation over the medium term, but this has not prevented the central bank from cutting rates as inflation moderates. Rate-setters have cut rates at each policy meeting since July, and we expect another 25bp cut on 5 November
EUR Steady as ECB Signals Policy Consensus; CAD Awaits Fiscal Boost
The slew of post-meeting ECB speakers has added little to the policy narrative. The Governing Council is broadly on the same page with the rates view, and the feeling is that some substantial data surprises are now needed to create new division among policymakers.
Volatility Collapse Boosts Carry Trades as ECB Bias Remains Toward Easing
Seemingly defying a backdrop of high uncertainty even by the ECB’s own accounts, volatility in markets continues to decline. On the surface, it may look like complacency. But a perceived limited upside in rates, and a potentially bigger downside if they were to actually start falling, also gives spreads their backing
BSP Cuts Policy Rate to 4.75% Amid Growth Concerns and Low Inflation
In a dovish turn, the Philippines’ central Bank, the BSP, has cut rates by 25bp to 4.75%, citing softening growth and subdued inflation. Infrastructure spending concerns and corruption scandals add downside risks to our 2026 GDP outlook. The chances of a final 25bp rate cut in December have increased meaningfully
Poland’s Inflation Surprise Opens Door for September Rate Cut, but Fiscal Risks Loom
The decline in headline inflation to 2.8% YoY in August and further easing of core inflation would likely allow policymakers to cut rates by 25bp in September, but highly expansionary fiscal policy is expected to prompt a cautious approach ahead. Rate setters may pause in October and return to the rate cut discussion in November
Polish Economy Gains Momentum in Q2 on Strong Consumer Spending
The Polish economy grew by 3.4%YoY in the second quarter, compared to 3.2%YoY in the first quarter. While the flash estimate did not provide a breakdown of growth components, high-frequency indicators suggest continued expansion in the services sector, stagnation in industry, and a contraction in construction
CNY Fixing Breaches 7.20: Market Eyes 7.5, But PBoC Defense Still in Play
• The People’s Bank of China has set the USDCNY fixing above 7.20 for the first time since September 2023, and the market may interpret this as a green light for USDRMB to rise to 7.5 to offset the tariff impact.
Bank of Japan Keeps Rates Steady, Paves the Way for April Hike Amidst Market Disappointment
Surprise Dovish Turn: Bank of Canada Governor Macklem Signals Rate Cuts Ahead
ECB December Meeting: Balancing Dovish Expectations with a Cautious Reality Check
Charting Paths: 2024 Economic Outlook for Central and Eastern Europe and Central Asia - 12.12.2023
Charting Paths: 2024 Economic Outlook for Central and Eastern Europe and Central Asia
GBP: ECB vs. BoE Story Dominates as Dovish Sentiment Sparks Rate Cut Expectations
Smaller Potential for Short-Term USD Swap Rate Repricing in EUR/USD
BoJ Governor Hints at Possible Policy Normalization Amidst FX Market Speculation
CNH Finds Support Amid Battle for Funding in Money Markets
Japan's Economic Outlook: BoJ Policy and Scenarios
CNH: Money Market Developments Influence Offshore Renminbi
RBA Expected to Pause as Inflation Moves in the Right Direction
Tokyo Inflation Slows: Impact on JPY and USD/JPY
BoJ Observes Higher Inflation; Mixed US Job Report; Japanese Yen Weakens
Falling Demand for US Currency: Analyzing the Factors Behind the Dollar's Decline and its Impact on Euro and Pound
CE4 Currencies Remain Resilient, Limited Scope for PLN Gains
Poland's Inflation Expected to Reach Single Digits in August, but Disinflation to Slow Down
The Pound and the Inverted Yield Curve: Implications for GBP as a Reserve Currency
Falling Retail Sales in Poland Signal Weakness in Second Quarter Consumption"
Euro Surges on Hawkish ECB and Favorable Risk Environment
Navigating Uncertainty: Assessing the Labour Market and Rate Outlook Amidst Economic Dynamics
Uzbekistan's Economic Outlook: Navigating Challenges and Seeking Opportunities
