Trump would likely try to counter any strength in oil prices as a result of this by pressuring OPEC+ to increase output. This ...

The CNB lowered the base rate by 25bp, as expected by the markets. The new forecast represents a shift in a stagflationary ...

Finance Minister Lan Fo’an noted that the outstanding scale of hidden debt was around RMB14.3tn; with the measures approved ...

The central bank seems to have slowed down the depreciation of the lira recently. It has done this not by selling FX to the ...

We are revising our EUR/USD forecast lower following the Republican clean sweep. We assume that Trump will go ahead with both ...

Underlying inflation trend and inertia: 3.9 percentage points for 2024 and 3.5ppt for 2025. Food prices: 1.6ppt for 2024 and ...

The BoE and Fed delivered largely anticipated cuts, but were reluctant to provide more guidance. Treasury and Gilt yields ...

Bund spreads versus OIS are back to pre ECB QE levels, but persistent structural headwinds and political turmoil still ...

Tax cuts support growth, but promised tariffs, immigration controls and higher borrowing costs will become headwinds ...

A large portion of the election move in the dollar has been unwound. That, to us, looks more like a positioning adjustment ...

Despite big spending increases in last week’s UK budget, the Bank of England has signalled that it’s not a game changer for ...

But the outlook for 2026 is more uncertain and clouded by the threat of tariffs. If those tariffs are watered down – either ...