As expected, the ECB kept its policy rate unchanged on Thursday. In the updated macroeconomic projections, the central bank revised down its inflation and growth forecasts for next year. It now expects inflation to ease to 2.7…
The short answer, according to our colleagues at BCA’s Commodity & Energy Strategy (CES) is straightforward, but not simple: Political economy – i.e., how states organize and operate their economies to support…
According to BCA Research’s Emerging Markets Strategy service, domestic demand and corporate profits will disappoint across mainstream Emerging Market economies (excluding China, India, Korea, and Taiwan) in H1 2024.…
China’s credit expanded by less than expected in November. The CNY 2.45 trillion increase in aggregate financing fell short of anticipations of CNY 2.595 trillion following a CNY 1.845 trillion rise in October. Similarly,…
Weaker-than-anticipated economic data caused a sharp decline in UK gilt yields over the past few days with the 10 year yield now at its lowest since May. The weakness in economic data was broad-based across various…
As expected, the Fed kept the policy rate unchanged in the 5.25%-5.50% range on Friday. Although the statement continued to indicate that the Fed is prepared to tighten further, it also acknowledged that there has been a slowdown…
The Thai economy has continued to underwhelm its ASEAN peers since the pandemic. It grew at a measly 1.5% in Q3 this year compared to the same period last year. Thai stocks and the currency have sold off as well. That said,…
According to BCA Research’s Counterpoint service, the AI gold rush will struggle to find any gold. In a gold rush, very few people get rich finding gold. But the guys selling the picks and shovels make a fortune! In the…
The November US CPI release came in broadly in line with consensus expectations on Tuesday. On an annual basis, headline CPI inflation eased from 3.2% y/y to 3.1% y/y while core inflation was unchanged at 4.0% y/y. On a monthly…