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December 2, 2020

China | What will be the monetary policy stance in 2021?

We prefer to support the argument that a neutral, prudent but accommodative monetary policy will be the main monetary policy stance in 2021, while the authorities will postpone the beginning of a real tightening cycle and “proactive deleveraging” to a later stage.

December 2, 2020

Peru | Higher inflation surprises in November

In November, the Consumer Price Index increased by 0,52%. With this outcome, inflation increased from 1,7% in October to 2,1% in year on year terms, mainly explained by supply factors.
  • Geography Tags
  • Peru

November 30, 2020

U.S. Economic Outlook. 4Q20

U.S. battening down the hatches after exiting eye of the storm. Fed pause a precursor to further action? Auto sales outlook: health concerns at the wheel. Housing market conditions and outlook.

November 23, 2020

Global | Climate change, taking action

Discussions about climate change policies are gaining ground in public debate as social awareness improves, and this is increasingly reflected in specific proposals for defining economic policy.

November 20, 2020

Global | Impact of COVID-19 on the banking sector

The crisis caused by COVID-19 is showing its first impacts on the banking sector. Our analysis assesses the impact on the sector of seven factors and its trends: monetary policy, digitalization, regulation, economic growth, new entrants, competitive landscape and government support.

November 18, 2020

US | Nonbank financial intermediation, financial sector stability, and policy implications

Nonbank financial intermediation represents a large share of the U.S. financial sector. In times of crisis, it has been supported by the primary banking regulator - the Federal Reserve. In the absence of changes in oversight, this could lead to increased moral hazard and financial instability over the long run.
  • Geography Tags
  • USA

November 13, 2020

Peru | Central Bank remains expectant in November

The Board of the Central Bank decided to maintain the monetary policy rate at 0,25% in November. The Bank renewed its commitment to maintain a strongly expansive stance for a prolonged period and revised upward its inflation outlook yet again.
  • Geography Tags
  • Peru

November 12, 2020

Mexico | Banxico holds rates unchanged

The decision might not mark the end of the rate cut cycle if with falling inflation Banxico resumes it in 2021. Banxico reasons for pausing not clear in the statement.