Bundles

5 October 2023

ING Monthly: An inconvenient truth for central banks

Why are central bankers facing some 'inconvenient truths' right now? It's a question that frames our latest ING Monthly. Read - and watch - what Carsten Brzeski has to say about where we are in the world right now. And follow our team of experts as they guide you through every major economy and every major market

In this bundle

An inconvenient truth for central banks

The increase in longer-term interest rates could push both the US and the eurozone economies into recession

United States

...

Key risks to the global outlook

The risks to our current base case

, and

Commodities, Food & Agri

Energy

Oil prices to remain well supported

Oil has seen significant strength over the third quarter, with the market in deep deficit.

Surging oil prices: a new concern for central banks

United Kingdom

United States

Surging oil prices: a new concern for central banks

Surging oil prices worsen central banks' trilemma

, and 2 others

United States

What’s next for the US after the summer spending splurge

The US has performed well, but rapid increases in borrowing costs are adding to the challenges for the economy

Czech Republic

Hungary

...

What central banks are set to do next

All of the latest from our team on ING's central bank forecasts and the key risks

and

The labour market conundrum keeps the eurozone economy just about afloat

The eurozone might avert a full blown recession, but growth in 2024 is likely to be even lower than this year

China

How China is dodging the doom loop

While China’s economy is still struggling, it is at least not getting incrementally worse and there are some pockets of improvement

United Kingdom

Markets are right to rethink the Bank of England as rates reach a peak

We think rate hikes have now finished. Rate cuts are likely to be a story for next summer

CEE: Central bank hesitations

Inflation continues to fall rapidly in the CEE region, while monetary policy is moving to cut rates

, and 3 others

The Netherlands

More help for Dutch consumers after longer-lasting technical recession

Dutch GDP growth is set to record another contraction

FX: Strong dollar remains the only game in town

The dollar looks set to hold its gains into year-end

Rates

Rates: The pull of Treasuries, and 4% inflation

US rates are pulling eurozone rates higher, but they're hardly kicking and screaming

ING Monthly: An inconvenient truth for central banks

In this bundle

An inconvenient truth for central banks

Key risks to the global outlook

Oil prices to remain well supported

Surging oil prices: a new concern for central banks

What’s next for the US after the summer spending splurge

What central banks are set to do next

The labour market conundrum keeps the eurozone economy just about afloat

How China is dodging the doom loop

Markets are right to rethink the Bank of England as rates reach a peak

CEE: Central bank hesitations

More help for Dutch consumers after longer-lasting technical recession

FX: Strong dollar remains the only game in town

Rates: The pull of Treasuries, and 4% inflation

ING Monthly: An inconvenient truth for central banks - the full report