From a climate change perspective, 2021 was another remarkable year. While not the warmest year on record, a host of extreme weather events and...
Philippines | Transitory inflation makes 2022 rate hikes unlikely
Posted by Makoto Tsuchiya on Nov 18, 2021
We concur with the central bank’s (BSP) view that the current rise in inflation in the Philippines is for the most part transitory, reflecting...
Malaysia | Fiscal stimulus primed to support the recovery
Posted by Sian Fenner on Nov 3, 2021
The government has announced a record spending plan in the 2022 Budget to spur the post pandemic recovery. Measures include an increase in cash aid...
Global | Global Risk Survey: Recovery threatened by Delta surge
Posted by Jamie Thompson on Aug 5, 2021
The Delta coronavirus variant poses the greatest risk to the global economy, according to our latest survey of risk perceptions. More respondents...
Philippines | Pandemic scarring to lower the medium-term policy rate
Posted by Sian Fenner on Aug 2, 2021
We now expect the long-run nominal neutral policy rate – i.e., the rate at which the economy is in equilibrium and monetary policy fully normalized –...
Global | Assessing the risk of an inflation regime change
Posted by Adam Slater on Jun 2, 2021
Inflation in advanced economies is set to rise this year to the highest rate in a decade. This has sparked fears of a shift to a high inflation...
The global consequences of rising US bond yields
Posted by Innes McFee on Mar 18, 2021
Global bond yields have risen sharply over recent weeks to become more in line with fair value. Previous episodes have demonstrated that what starts...
Eurozone | How bad must bank loan losses be to threaten recovery?
Posted by Maddalena Martini on Sep 7, 2020
Banks entered the coronavirus crisis with stronger balance sheets and supported the economy with emergency lending, as did government guarantee...