In a largely expected move, the Bank of Japan kept its policy rate unchanged at 0-0.1% in June. It maintained the pace of bond buying at JPY 6tr per month but signaled it would lay out a plan to reduce its balance sheet next…
The Bank of Japan exited negative interest rate policy in March, but subsequent softer-than-expected CPI inflation prints have complicated its path towards tightening. The central bank is widely expected to stay put when it meets…
The UK unemployment rate surprised to the upside in the 3-month period ending in April, ticking up to 4.4% against expectations it would remain stable at March’s originally reported 4.3%. Concurrently, wage growth remains…
The ECB is now firmly in easing mode, even if it refuses to pre-commit to a specific rate path. What does this data dependency mean for the euro and European yields?
A short insight on the ECB and near-term implications for European asset markets.
According to BCA Research’s Geopolitical Strategy service, Mexican politics will remain stable and overall supportive for markets. Sheinbaum is a credible policymaker and technocrat whose rhetoric is not as ideological or…
In this insight, we provide an update on the Canadian economy, given yesterday’s rate cut, and implications for Canadian assets.
MORENA has once again swept the Mexican election: Claudia Sheinbaum will be president, with little to no constraint in Congress. All in all, Mexican politics will remain stable and overall supportive of markets. In the medium term,…
The risk-on soft-landing narrative dominated markets in May, with both equities and bonds rallying throughout the month. Meanwhile, the counter-cyclical US dollar slumped, and the cyclical euro appreciated against the greenback…