So far, shifts in money market fund behavior is behind the weakening deposit dynamic; not declining credit growth. But what happens during Quantitative…
US fiscal policy will come under scrutiny if rates settle permanently higher
The BOE has reached a cross-roads in the policy normalization path. But why?
At month-end, we will review market moves and macro themes driving them.
Monetary policy update—April
Taylor's Rule and variants have largely been forgotten. But why?
What's behind the sharp fall in China equities and big capital outflows during March?
The normalization of ECB policy will not be delayed by the invasion of Ukraine
Global inflation update—Jan 2021
In an exceptional move, the EU and G7 CBs globally has frozen CBR's assets; where are these held and what does it mean?
A hawkish turn
Global Flow Update—Jan