ING Monthly: The masks, and the gloves, are coming off

ING Monthly: The masks, and gloves, are coming off

Governments and central banks have a new fight on their hands, this time with inflation. As we hopefully see off Covid, the masks are coming off. And so…

At a glance: The world right now

As central banks become increasingly hawkish and geopolitical risks build, we look at the latest developments in the global economy and what they mean for…

US growth to rebound as Omicron caution fades

The steep fall in mobility and consumer spending in December and January reflects Covid caution and threatens economic contraction in the first quarter.…

The eurozone's recovery is hitting a soft patch

The eurozone recovery is hitting a soft patch on the back of Omicron and high energy prices, but it should gain speed again from the second quarter…

China's economy to endure another Covid New Year

China is reporting more confirmed Covid cases per day as its population prepares to celebrate the Chinese New Year. Localised social distancing measures…

Bank of England set for further hikes amid inflation concern

The Bank of England has hiked rates for a second consecutive meeting and we now expect further moves in March and May. But that might be more or less it

Asia: Central banks still focused on growth

There have been some notable tweaks to policy accommodation in recent weeks, but central banks in Asia-Pacific are still favouring growth over inflation…

The fight against inflation continues throughout Central and Eastern Europe

Growth seems to have remained robust in central and eastern Europe (CEE) as 2021 ended. Flash GDP data showed a 5.7% expansion in Poland for the full…

Commodities and the Russia-Ukraine crisis

As tensions between Russia and Ukraine grow, so does the risk that it spills over into global commodity markets. A conflict against the two nations and/or…

FX: As the Fed tightens, the dollar rally has some way to run

The dollar is near its cyclical highs as the Fed prepares to embark on a tightening cycle. Has all the good news been priced into the dollar and how will…

Rates: Are we there yet? Nope

When kids ask that question, they already know the answer. It's a journey for market rates, and we're still on it. Even if macro oomph is met by…

Our guide to central banks and the race to hike rates

Several central banks have taken a decidedly more hawkish stance over the past couple of months. Our economists look at what's likely to come next

Clogged supply chains won't hold back trade

Demand for consumer goods rose strongly last year despite the profound disruption to supply chains due to the pandemic. We expect goods world trade…

The Mattarella-Draghi ticket provides short-term government stability

The re-election of President Sergio Mattarella, a solution of last resort, should help to secure government stability until the end of the legislature…

The stars are aligning for a eurozone wage growth rebound

Labour shortages, high inflation, increased minimum wages: 2022 is set for a decent recovery in nominal wage growth. For the European Central Bank, this…