We often talk of central banks being behind the curve because they are seemingly too slow to recognise an inflation threat and end up hiking policy rates too late.
If you read around the financial press, it seems that there’s lots of talk that rising US rates will lift the dollar. But Mr. Steve Barrow, Head of Standard Bank G10...
CPI inflation in the United States is 7.5% while it is 5% in the euro zone. Why are both the Fed and ECB still easing policy?
The crucial uncertainty most central banks face is whether the surge in inflation will stick.
The USD’s recent strength was reversed last week following hawkish policy meetings at the Bank of England and ECB, but Mr. Steve Barrow, Head of Standard Bank G10...
Perhaps the main message that the market took from Fed Chair Powell’s press conference on Wednesday is that the upcoming tightening cycle could be more volatile and...
As the Fed readies itself to lift rates, probably in March, so the world holds its breath to see if tighter Fed policy produces adverse spillover effects in overseas...
If we go back in history, there are lots of examples of policymakers that have been accused of acting too slowly on inflation; of being "behind the curve". The same...
While the path of monetary policy in the US and elsewhere will claim a lot of column inches when trying to predict currency movements this year it is sensible to be...
The issue of quantitative tightening by central banks has come onto the radar screen in the past month as the Fed revealed that it had talked about allowing maturing...
Through last year, many experts said that the Fed and many other central banks were wrong to suggest that inflation was transitory.
The US dollar rose and risk assets such as stocks fell after the latest set of hawkish minutes were released by the Fed earlier this week. The market seems to fear the...
The euro slid by a modest 4%, or so, in trade-weighted terms last year as, like most currencies, volatility was pretty low.
The last few years have not seen a clear directional trend in the dollar. Last year, the dollar rose in the region of 5% in trade-weighted terms but that just cancelled...
VND could turn more neutral in 2022 due the FED’s rates hike, inflation pressure in Vietnam...
Assessing the implementation of the 2016 Charter, the Vietnam Chamber of Commerce and Industry (VCCI) found it necessary to change its Vietnamese brand name to the...
According to the International Monetary Fund (IMF), the world economy is projected to grow by 4.9% YoY in 2022F, from an unusually high level in 2021F (5.9% YoY).
A quick look at the front end of the money markets in the US and UK tells you that traders and investors are primed for a relatively modest rate-hike cycle although...
The Fed is effectively spinning plates at the moment as it tries to keep the economy growing, inflation from surging, asset prices from imploding and international...
A plethora of central bank meetings this week will hog the headlines and possibly dictate short-term, if not longer-term currency movements.
Goodhart’s law, named after the British economist, Charles Goodhart loosely states that if policymakers start to target something it will misbehave.
The major central banks will all hold monetary policy meetings next week. But while some, such as the ECB and Bank of England seem to be suggesting that Omicron-related...
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