Economy

13 October 2017

Monthly Economic Update


Every month, our economists study the macroeconomic situation. They analyse the events that have had an impact in recent months, and discuss possible consequences.

Key points to remember
Action speaks louder than words

Since the summer central bankers have been warning of higher interest rates. The Federal Reserve says markets are too complacent, the Bank of Canada has done a swift about face and hiked rates twice and the Bank of England will soon follow. Meanwhile, the European Central Bank is on the verge of tapering its asset purchases and there is even speculation Japan could do so. Nonetheless, political risk remains high. Referendums, elections and a potential government shutdown suggest nothing can be taken for granted, leaving doubts about how far central banks can push ahead.

What should you remember?
  • Since the summer central bankers have been warning of higher interest rates.
  • The European Central Bank is on the verge of tapering its asset purchases.
  • Nonetheless, political risk remains high.

Read the whole study here (PDF).

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