ING Economic and Financial Analysis

While no Federal Reserve policy changes are expected in July's meeting, we could hear more about the tapering discussions that started in June. The volume surrounding this issue is likely to be turned...

It will still take some time to fully measure the full impact of the devastating floods in the Western parts of Germany (as well as in Belgium and the Netherlands). Often, the impact on the total...

The BoC reduced weekly bond purchases by another C$1bn, to C$2bn, as it delivered a broadly upbeat message on the recovery and left its forward guidance for 2H22 unchanged. We think the Bank will end...

All eyes will be on the July ECB meeting next week, and its possible shift towards a dovish bias. While this would be negative for the euro, the cautious ECB would give some helping hand to cyclical...

With the RRR cut, a partial rollover of the MLF and weaker economic data, we believe that the risks to economic growth are mounting for China. We discuss these risks and the possible policy actions...

The minutes to the June Federal Reserve FOMC meeting reinforce the message that we are set for a tapering of QE asset purchases this year, but the form and speed it takes will be driven by the...

Power prices are notoriously volatile and hard to predict. But they are an important value driver of investment in the energy system. This article provides a conceptual framework to analyze power...

Parts of the commodities complex appear to be running out of steam, with downward corrections seen in metals and agriculture over June. However, energy remains well supported, and the short-term...

Our economists reviewed the predictions they made in our economic outlook last November and reflect on what the implications are for the rest of the year.United StatesBack in December, optimism...

The path to a net-zero economy has dual implications for aluminum on both the supply and demand side. That may see the aluminum market shift into deficit in the medium term. In the short run, rising...

So much liquidity has been pumped into the system that chunks of it are being offered back to the Federal Reserve, at zero percent. Perverse, as players are effectively shuffling excess reserves back...

Chip demand continues to rise and Taiwan, the world's biggest chip manufacturer by far, is now facing three fresh challenges which will impact everything from cars to phones to fridges. The crisis...

Here we explain why some asset managers continue to favour US Treasuries, while liability managers do the opposite by funding in EUR (and JPY a.o.). Not just based on obvious rate differentials, but...

It’s not easy to grasp the rhythm coming from the US right now. Like any good hip hop mix, the rap is upbeat but the rhyme has a complexity to it. Inflationary tendencies are setting a hot beat,...

A pretty woeful jobs report for April is likely more a reflection of structural rigidities and supply constraints rather than any meaningful weakening in demand for labour. The economy will regain all...

The threat of new trade wars is smaller, but tension hasn’t let up between the US, EU and China. Exporters continue to face higher costs and uncertainty that could weigh on trade growth after...