In a widely expected move, the Bank of England (BoE) kept its policy rate unchanged at 5.25% in June. Although MPC members voted seven-to-two in favor of not cutting rates, a tweak in communication noting that the decision was…

    The Swiss National Bank (SNB) was the first major central bank to embark on a dovish pivot back in March. It lowered borrowing costs Thursday for a second consecutive meeting, from 1.5% to 1.25%, despite expectations that…

  On the surface, UK inflation appears to be on the right track. The May CPI release came in broadly within expectations. Headline inflation eased from 2.3%y/y to 2.0%y/y – directly on the BoE’s target for the first…

  The ECB delivered its first rate cut in June, moderating the degree of restriction rather than pivoting outright to easy monetary policy settings. Indeed, the rate cut was accompanied by an upward revision of inflation and growth…

  According to BCA Research’s China Investment Strategy service, Beijing will engage in ongoing negotiations with the EU regarding its import tax decision rather than impose meaningful retaliatory measures. The EU and…

  Eurozone equities sold off 7% from their June 6 highs, according to MSCI indices. The surprise French legislative elections and renewed fears of populism and European Union exits are spooking investors. Yet, our European…

  The BoE had to deal with a stagflationary headache in the second half of 2023. Inflation was stickier and growth was weaker in the UK than in many of its DM peers. This trend turned around earlier this year with a late-cycle…

  According to BCA Research’s Global Investment Strategy service, aggressive fiscal stimulus and labor market flexibility contributed to the relative strength of the US consumer. However, adverse region-specific effects also…