The Fed updated “dot-chart” of all FOMC members’ expectations of the appropriate policy rate points to only an incrementally less dovish stance. Based on a weighted average FOMC members still only expect one 25bp hike by end-2023, according to our estimates.… Read the rest
Our Covid-19 vaccination table includes updated information on the immunization strategies selected EMs are pursuing and the challenges they face.
Below are some of this week’s key developments. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail.… Read the rest
Strong China supply-side performace. US retail sales fell back, but probably only temporarily
The Bank of Japan (BOJ) announced the results of a policy review at its meeting on 18-19 March. The review resulted in several changes to the BOJ’s asset purchases and interest-rate targeting Yield Curve Control (YCC) program, but on the whole, the policy review indicates that the BOJ will remain committed to monetary easing over the long term.… Read the rest
Speculation is increasing in the capital of additional restrictions soon because new Covid-19 cases and the positivity rate have been rising steeply over the past two weeks. Today’s national number of 7,103 new cases is the highest since the start of the pandemic.… Read the rest