In one line: China’s loan prime rates left unchanged in June amid record low NIMs for banks
Kelvin Lam (Senior China+ Economist)China+
China’s loan prime rates left unchanged in June amid record low NIMs for banks
Kelvin Lam (Senior China+ Economist)China+
- In one line: A solid start to Q2 following a poor Q1.
Andrés Abadía (Chief LatAm Economist)Latin America
In one line: Still-rising; lifted by a strong labour market and firming real wage growth.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Residential investment likely to plunge in Q2.
Oliver Allen (Senior US Economist)US
- In on line: A hawkish hold, prioritising inflation anchoring, and restoring credibility.
Andrés Abadía (Chief LatAm Economist)Global
- In on line: A hawkish hold, prioritising inflation anchoring, and restoring credibility.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A non-event; expect more of the same through Q3.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: A non-event; expect more of the same through Q3.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
Export growth surprises to the upside, as electronics roar ahead
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
A gradual recovery is taking hold, but manufacturing is too small to alter the bigger picture.
Samuel TombsUS
- The SNB cut rates for the second straight meeting, and lowered its inflation forecasts...
- ...We look for another 50bp-worth of rate cuts this year, more than financial markets
- expect.
The Bank will have to match ECB cuts to prevent a significant appreciation of the CHF and deflation.
Melanie Debono (Senior Eurozone Economist)Eurozone
- The MPC voted seven-to-two to keep interest rates on hold, as expected.
- The minutes of the meeting give the strong impression that the MPC is itching to cut rates.
- We stick to our call that the MPC will wait until September, but August is very much live.
Rob Wood (Chief UK Economist)UK
- In one line: Gradual rate cuts, with potential pauses, amid temporary inflation pressures and economic recovery.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Gradual rate cuts, with potential pauses, amid temporary inflation pressures and economic recovery.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: House prices keep rising despite higher mortgage rates.
Rob Wood (Chief UK Economist)UK
- In one line: Persistent services inflation means more delay to rate cuts.
Rob Wood (Chief UK Economist)UK
In one line: Q1 wasn’t as good as previously thought, and output will fall back in Q2.
Melanie Debono (Senior Eurozone Economist)Eurozone
