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What’s happening in Australia and the rest of the world?

  • 10 June 2019

After the universally expected Reserve Bank of Australia rate cut for the first time in nearly three years last week, we forecast just one more policy rate cut of 25 basis point in August taking the cash rate down to 1.0%. But even that might prove to be too aggressive

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RBA cuts - statement very balanced
Quick take
Australia
4 June 2019

RBA cuts - statement very balanced

If we were hoping to see evidence of further cuts ahead, then this was notable by its absence in Governor Philip Lowe's statement. We are happy to…

World trade heading for the worst year since 2009
Trade
10 June 2019

World trade heading for the worst year since 2009

The strong setback to world trade growth at the end of 2018 and the damage from the trade war will make 2019 the worst year for trade since the financial…

China: Revising yuan lower but 7.0 should hold
FX China
3 June 2019

China: Revising yuan lower but 7.0 should hold

We are revising our USD/CNY and USD/CNH forecasts to reflect expectations for a weaker yuan. This is a result of the rising tensions between China and the…

Asia week ahead: Data dump from China and India
7 June 2019

Asia week ahead: Data dump from China and India

We'll be watching a raft of economic releases from China and India next week for evidence about GDP growth and the impact of the trade war in the…

We were wrong on RBI policy, but for the right reasons
India
6 June 2019

We were wrong on RBI policy, but for the right reasons

The shift in Indian central bank policy stance from ‘neutral’ to ‘accommodative’ doesn’t’ mean there will be more rate…

Youtube video thumbnail
10 June 2019

WATCH: ECB: What will it take?

What will it take for the European Central Bank to cut interest rates or re-start quantitative easing? Not a lot, says ING chief economist Carsten Brzeski

Disappointing US jobs report: A huge miss
Quick take
7 June 2019

Disappointing US jobs report: A huge miss

While we were expecting jobs growth to slow down this time, few could have predicted such weak payroll numbers. The poor reading only cements market…

Fed easing and the dollar: Necessary, but not sufficient
FX United States
7 June 2019

Fed easing and the dollar: Necessary, but not sufficient

There is a conviction that the Fed is going to have to cut rates to insulate the economy from trade wars. US rates are collapsing, but the dollar is…

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