BOJ Policy Decision
Bank of Japan Keeps Rates Low The BOJ sees domestic demand as weak and wage growth is behind inflation, the the BOJ still thinks stimulus is needed probably until the second half next year. The focus of Governor Ueda will…
BOE Falling Inflation and Rate Forecast
Downside Surprise on CPI Inflation Data The consensus forecast was for 7.0% for the CPI (Consumer Price Index) for the UK. However, inflation unexpectedly fell from 6.8% to 6.7%. It was previously at 7.4%. This was mainly a result of…
Oil Prices and Inflation
How do oil prices factor into inflation? Oil prices play a significant role in the global economy, with its impact reaching far beyond the energy sector. Fluctuations in oil prices can have a profound effect on inflation rates, influencing consumer…
ECB September Rate Forecast
ECB Expected to Raise Rates Our view is with the market, with a majority (66%) in this case that sees the ECB raising rates. Economists are split evenly on this. After 9 consecutive rate hikes, rates have gone up and…
Monetary Policy Outlook
Short-term Divergence in Monetary Policy Expected The US economy is currently the best positioned of the major economies. In contrast, Europe has the Ukraine-Russian war plus week demand in China. Unlike other areas, European data on inflation is mixed puts…
August CPI Forecast
The Consumer Price Index (CPI) is one of the most important economic indicators used to measure inflation. It provides valuable insights into the changes in prices of goods and services over a period of time. The CPI is released monthly…
Bank of England to Raise Rates to Combat Inflation
The decision today is either 0.25 or a 0.50 interest rate rise. Arguments can be made for both scenarios today. If the BOE raises by 0.25 this will be seen as not doing enough but expectations are for the rate…
BOJ Signals Flexibility on Yield Curve Control
Bank of Japan Moves Closer to Normalization with Loosening of Yield Curve Control What is Yield Curve Control The central bank basically buys Japanese government bonds whenever the 10-year yields risk going beyond the 0.5% allowable range or below zero. …
ECB Outlook
ECB Battles Lingering Inflation with Hold or Hike says Lagarde ECB President Lagarde states that rates will not decrease but with either hold or hike to battle stubborn inflation. The mandate of the ECB is price stability. Facing tight job…
FED Outlook
Board of Governors of the Federal Reserve System - Jerome Powell FMOC Raises Rates by 0.25 The Federal Reserve Chair Jerome Powell lifted interest rates by 0.25 moving the federal funds rate to 5.5% from 5.25%. This was widely anticipated…
