By
Caroline Grady
January 19, 2021
In: Hive Exclusives |
Europe
Monetary Policy & Inflation
January 19, 2021
Europe’s economy is on the cusp of a double-dip recession. A worsening COVID situation and a tightening of restrictions means the bloc…
By
Phil Suttle
January 14, 2021
In: Hive Exclusives |
Economics
Monetary Policy & Inflation
Politics
UK
January 14, 2021
Summary UK relative economic performance has been very weak since the 2016 Brexit vote. Brexit’s arrival is unlikely to reverse this trend,…
By
John Butler
January 14, 2021
In: Hive Exclusives |
Markets and Investing
Monetary Policy & Inflation
US
January 14, 2021
Summary Food and energy prices have risen sharply of late Upward pressure on global manufacturing costs is a likely result US breakevens…
By
Bilal Hafeez
January 11, 2021
In: Hive Exclusives |
China
COVID-19
Europe
Monetary Policy & Inflation
US
January 11, 2021
Summary China has increased fiscal deficits, credit, public spending, and has re-opened, yet inflation is anemic. This shows that commodity price inflation…
By
Caroline Grady
January 08, 2021
In: Hive Exclusives |
Asia
COVID-19
Economics
EM
Equities
Monetary Policy & Inflation
UK
January 08, 2021
Summary Fresh COVID restrictions leave downside risks to the global recovery as mobility slows again. Asia’s dominance in global growth, an accommodative…
By
Caroline Grady
December 18, 2020
In: Hive Exclusives |
Economics
EM
Monetary Policy & Inflation
US
December 18, 2020
Monetary Policy With most major DM central banks already wrapping up for the year the remaining policy meetings are in EM. Turkey…
By
Bilal Hafeez
December 17, 2020
In: Hive Exclusives |
Economics
Global Macro
Monetary Policy & Inflation
Podcasts
December 17, 2020
We’ve had many great guests on our podcast show this year, and fascinating discussing on a whole range of topics. I always…
By
Sam van de Schootbrugge
December 16, 2020
In: Deep Dives |
Economics
Monetary Policy & Inflation
December 16, 2020
Summary Inflation expectations are an important component of Central Bank inflation measures. Using household and firm survey data, the Bank of Canada…
By
George Goncalves
December 16, 2020
In: Hive Exclusives |
Monetary Policy & Inflation
US
December 16, 2020
The last FOMC meeting of 2020 is upon us. Given the year we’ve just had we doubt the Fed wants to create…
By
Ken Dickson
December 14, 2020
In: Hive Exclusives |
Geopolitics
Growth & Labour Market
Monetary Policy & Inflation
UK
December 14, 2020
There was much to worry about in the UK during 2020. The response to the Covid-19 pandemic was slow yet chaotic. The…
By
Caroline Grady
December 11, 2020
In: Hive Exclusives |
Economics
EM
Monetary Policy & Inflation
US
December 11, 2020
Monetary Policy Wednesday’s Fed decision will be the highlight of the week, with forward guidance and a possible duration shift in focus.…
By
Mirza Baig
December 11, 2020
In: Hive Exclusives |
China
Economics
FX
Monetary Policy & Inflation
December 11, 2020
Summary Long Chinese fixed income FX unhedged is a multi-year macro trade. It’s underpinned by China’s favourable BoP position, high positive real…
By
Caroline Grady
December 11, 2020
In: Hive Exclusives |
Asia
EM
FX
Monetary Policy & Inflation
December 11, 2020
Summary Rupee looks set to end the year as Asia’s worst-performing currency This reflects RBI FX intervention with FX reserves up $xbn…
By
Dominique Dwor-Frecaut
December 10, 2020
In: Hive Exclusives |
China
Cryptocurrencies & Blockchain
Monetary Policy & Inflation
December 10, 2020
China’s retail central bank digital currency (CBDC) has received strong media attention. Yet its impact will be mainly domestic, challenging the duopoly…
By
John Butler
December 09, 2020
In: Hive Exclusives |
DM
Monetary Policy & Inflation
US
December 09, 2020
‘Take care for what you pray; for the Gods may one day grant it to you,’ is an old proverb with similar…
By
Caroline Grady
December 08, 2020
In: Hive Exclusives |
Europe
Monetary Policy & Inflation
December 08, 2020
The ECB has made it explicit that additional stimulus will be announced at its Thursday Governing Council meeting. Market expectations are for…
By
Caroline Grady
December 04, 2020
In: Hive Exclusives |
Economics
EM
Monetary Policy & Inflation
US
December 04, 2020
Monetary Policy Thursday’s ECB meeting with take center stage with President Lagarde widely expected to announce additional asset purchases under PEPP. Brazil…
By
Reuven Benichou
December 03, 2020
In: Hive Exclusives |
DM
Monetary Policy & Inflation
December 03, 2020
Summary SEK outperformance unrelated to Sweden’s no-lockdown policy. Riksbank’s 2020 hawkishness contrasts 2014-2019 dovishness. The positive basic balance, the rise in NIIP,…
By
Dominique Dwor-Frecaut
December 03, 2020
In: Hive Exclusives |
Economics
Monetary Policy & Inflation
US
December 03, 2020
Summary Risk assets have a banner year ahead of them for three reasons. First, even without additional easing, monetary and fiscal policies…
By
Caroline Grady
November 27, 2020
In: Hive Exclusives |
Economics
EM
Monetary Policy & Inflation
US
November 27, 2020
Monetary Policy Australia, Poland and India will all hold policy meetings over the coming week. None are expected to ease policy, although…
By
Caroline Grady
November 27, 2020
In: Hive Exclusives |
EM
Monetary Policy & Inflation
November 27, 2020
Summary Turkey’s 475bps rate hike and new economic management are much-needed policy shifts. They are not, however, enough to guarantee lira stability.…
By
John Butler
November 26, 2020
In: Hive Exclusives |
Monetary Policy & Inflation
US
November 26, 2020
Summary: Sharp increases in grains prices this year may have an unexpectedly broad impact on inflation generally Energy price declines appear to…
By
Sam van de Schootbrugge
November 25, 2020
In: Deep Dives |
COVID-19
FX
Monetary Policy & Inflation
November 25, 2020
Summary: The US, EU, Japan and China account for 50% of world GDP. Their exchange rates have been experiencing a long-term secular…
By
Angela Xu
November 24, 2020
In: Hive Exclusives |
COVID-19
EM
Monetary Policy & Inflation
November 24, 2020
Following promising vaccine results, bullish sentiment over EM is building. To discuss this, we welcomed Dirk Willer, Managing Director and Global Head…
By
Bilal Hafeez
November 24, 2020
In: Hive Exclusives |
COVID-19
Monetary Policy & Inflation
November 24, 2020
Yet again, everyone sees nothing but inflation following a sharp downturn. Just like after the 2008 financial crisis, policymaker, analyst and investor…
By
George Goncalves
Dominique Dwor-Frecaut
November 20, 2020
In: Hive Exclusives |
Monetary Policy & Inflation
US
November 20, 2020
Summary As we expected, Secretary Mnuchin did not renew the key 13(3) facilities aimed at credit and muni market support and has…
By
Sam van de Schootbrugge
November 20, 2020
In: Hive Exclusives |
DM
EM
Monetary Policy & Inflation
November 20, 2020
Monetary Policy Next Thursday, we have policy rate announcements from the Riksbank and BoK. On speeches, Deputy Governor’s of the Bank of…
By
Sam van de Schootbrugge
November 13, 2020
In: Hive Exclusives |
DM
EM
Monetary Policy & Inflation
November 13, 2020
Monetary Policy Policy rates are due to be announced by the South African, Turkish, and Indonesian Central Banks this week. On speeches,…
