BCA Research’s Foreign Exchange Strategy and European Investment Strategy services conclude that the global environment and Norway’s continued economic strength will create potent tailwind for the Norwegian krone over…
Highlights The Norwegian economy will continue to grow above trend for the next two years or so. Norwegian inflation will firm up. Among Advanced Economies, the Norges Bank will lead the way in terms of policy tightening; however,…
BCA Research’s Emerging Markets Strategy service concludes that the Czech koruna will outperform the Hungarian forint. Conditions for central bank rate hike cycles are in place in Hungary and the Czech Republic. Yet…
European bond markets have calmed down after a rough couple of months that saw the benchmark 10-year German bund yield rise from a low of -0.39% on March 25 to a high of -0.11% on May 19. Yields on riskier European debt saw even…
Highlights Political and corporate climate activism will increase the cost of developing the resources required to produce and deliver energy going forward – e.g., oil and gas wells; pipelines; copper mines, and refineries. Over…
BCA Research’s US Political Strategy service concludes that the looming “fiscal cliff” is probably overrated from an economic point of view even though it may contribute to a pullback in the stock market. The…
President Erdogan is once again injecting himself into the Turkish monetary policy. In an interview on Tuesday, the president stated “it’s an imperative that we lower interest rates. For that, we will reach July and…
The PBoC announced on Monday that it will raise the reserve requirement ratio rate for FX deposits at financial institutions –the first FX deposit RRR rate hike in 14 years – effective on June 15. The RMB fell by a…