ING Economic and Financial Analysis

The Fed has opened the door to rate cuts, but it may not be as aggressive as the market expects. For now, we're sticking to our recently revised forecast for rate cuts in September and December, but...

China US meeting scheduledOvernight, announcements from both China and the US have stated that the two Presidents will meet at the G20 summit in Osaka for "extended" meetings to discuss the ongoing...

ECB president Mario Draghi moves financial markets again, opening the door wide for new monetary stimulus. Today's speech marks a remarkable u-turn for global central banks, but only time will tell if...

Dot projections in the spotlightAs the FOMC meets tomorrow, investors are bracing for a dovish shift in the monetary stance, as highlighted by our economists in “Fed to signal cuts are...

Our analysis of eurozone central bankers’ communication shows nationality matters, but not really in the ECB’s board. And once the appointment is made, the national bias won't be as...

With trade tensions likely to escalate, this Wednesday’s Fed meeting looks set to confirm market expectations - precautionary interest rate cuts are comingAfter hiking interest rates four times...

A rebound in utility output has helped lift industrial production while manufacturing output has risen for the first time in five months thanks to car production.U.S. industrial production rose 0.4%...

Politics and central banks dominate next week. The race to become the UK's next leader is well underway, and throw in an important European Council Meeting, a possible Norges Bank hike and the Fed...

Trade worries are not abating and the economy is starting to feel the strain. The Federal Reserve is preparing for a change of course and we now look for 50bp of rate cuts in 2H19 Plotting a new...

At last week’s meeting in Vilnius, ECB president Mario Draghi sent a strong signal that the ECB was only one small economic slip away from new stimulus. But what could the ECB still do?It was...

Softer US consumer price inflation data will only fuel the market clamour for interest rate cuts.Headline inflation rose 0.1% month-on-month in May, leaving the annual rate of CPI at 1.8%...

China’s credit growth, including loan growth, was softer than expected. Shadow banking activities shrank, which implies funding for infrastructure projects mainly came through local government...

Disappointing April data from industrial production and trade suggest that the latest ECB’s dovishness is justifiedGerman industry had a disappointing start to the second quarter. Both...

Dovishness all over. With Thursday’s meeting, the European Central Bank is, in our view, only a small economic slip away from a rate cutAt its meeting in Vilnius, the ECB yesterday clearly tried...

The European central bank extends forward guidance on rates and announces details of the third series of TLTROsRemember that former European central bank president Wim Duisenberg always said that...

First industrial data for the second quarter keeps the hope of a gradual industrial recovery alive. Industrial orders were up by 0.3% MoM in April, increasing for the second month in a row from an...