Rosa & Roubini Associates

118 Pall Mall London SW1Y 5ED | +44(0)207 1010 718

Brunello Rosa

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Brunello Rosa is CEO and Head of Research at R&R. He is a (short-term) visiting professor at the Department of Social and Political Sciences of Bocconi University and a visiting lecturer at the Department of International Politics and a research fellow of the City Political Economy Research Centre at City, University of London. He is also a research associate at the Systemic Risk Centre of the London School of Economics and Political Science, where he is a practitioner lecturer in finance for MSc students and in macroeconomics for professionals undertaking executive education.  Brunello is a member of the Chief Economists Advisory Board of the European Investment Bank and of the Advisory Board of the Ambassador of Italy to the UK. Brunello is an active member of Chatham House (The Royal Institute of International Affairs), the UK’s Institute of Directors, the International Institute of Strategic Studies and the Institute for New Economic Thinking (INET). He contributes to the Research Hub in Finance of the UK's National Institute of Economic and Social Research, for the ESRC programme on Rebuilding Macroeconomics. 


Before co-founding this new venture, Brunello served as co-Head of Research and Managing Director for Developed Markets, G10 Rates and Currencies at Roubini Global Economics. Brunello joined RGE from the Bank of England, where he had mainly worked in Markets, in the division that implements monetary policy and provides liquidity insurance. He also briefly served in the Bank’s Financial Stability area and its Centre for Central Banking Studies. Previously, he worked as a macroeconomist and fixed income strategist with a focus on Europe at IDEAglobal, a market intelligence company. In these various capacities, Brunello appeared on Bloomberg, Reuters, CNBC and other TV programmes, and had been quoted by a variety of media outlets. Prior to joining the private sector, he was a research assistant at the Financial Markets Group of the London School of Economics, where he also taught classes in finance. Brunello started his career as a data analyst at the Department of Economics and as a research fellow at Siena University’s Centre for Complex System Studies, where he studied and researched the financial fragility of economic systems. 


In 2014, Brunello was awarded a prize by the Italian Chamber of Commerce and Industry in the UK for his "outstanding contributions" to the development of business ties between the UK and Italy.  These include his articles and events with Raffaele Cantone, president of Italy's Anti-Corruption Authority. He is now Director of the Association "Talented Italians in the UK," which gathers the winners of the  prize "Young Talented Italians."  Brunello holds a master’s degree in finance and economics from the London School of Economics and a laurea cum laude in economics from the University of Siena in Italy.  

RECENT RESEARCH PAPERS

SNB Likely To Hold Off, For Now

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by  Brunello Rosa, Farah Aladsani and Fawaz Al Mughrabi

10 December 2019

MONETARY AFFAIRS - Fed Preview: Managing The Pause

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By Nouriel Roubini and Brunello Rosa

9 December 2019

ECB PREVIEW: All Attention Will Be On Lagarde’s First Press Conference

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By Brunello Rosa

6 December 2019

US-China Phase-1 Deal Likely To Be Completed Soon, Strategic Rivalry Likely To Increase Over Time

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 By Nouriel Roubini

6 December 2019

Winter Is Coming For Europe’s Wobbly Coalitions

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 By Grégoire Roos and Brunello Rosa

5 December 2019

NOVEMBER - DECEMBER 2019

Flash Review: Bank of Canada Remains On Hold, With No Particular Bias

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By Brunello Rosa

4 December 2019

Flash Review: RBA Remains on Hold, With A Clear Easing Bias

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By Brunello Rosa

3 December 2019

Flash Preview: RBA To Remain On Hold In December, While Remaining Dovish

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by Brunello Rosa

29 November 2019

Flash Preview: BoC To Remain On Hold, With Some Risk of Easing

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by Brunello Rosa

29 November 2019

POLICY COMPASS - Fed’s Policy Into 2020-21: Lower For Longer?

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by Nouriel Roubini and Brunello Rosa

15 November 2019

Helicopter Drops of Money: Pros & Cons of Monetised Fiscal Deficits to Fight the Next Economic Slump

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by Nouriel Roubini and Brunello Rosa

13 November 2019

November 2019

Flash Review: RBNZ Remains On Hold, But Is Prepared to Ease More If Needed

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by Brunello Rosa

13 November 2019

Searching The Lost Political Stability: Spain’s Fourth General Election In Four Years

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by Luca Bandello and Brunello Rosa

8 November 2019

Flash Preview: We Expect The Reserve Bank of New Zealand To Cut Rates in November

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by Brunello Rosa

8 November 2019

Bank of England R: MPC Splits But Remains On Hold, While Signalling Possible Cuts Ahead

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by Brunello Rosa

7 November 2019

Review: RBA Leaves Rates Unchanged, Reiterates Its Forward Guidance And Is Prepared To Ease More

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by Brunello Rosa

5 November 2019

POLICY COMPASS - Bank of England To Remain in Wait–And–See Mode Before The General Election

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by Brunello Rosa

1 November 2019

october-November 2019

POLICY COMPASS - BoE To Remain in Wait–And–See Mode Before The General Election

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By Brunello Rosa

1 November 2019

MONETARY AFFAIRS - Flash Preview: Reserve Bank of Australia to Stay On Hold In November

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by Brunello Rosa

1 November 2019

Review: BoJ Remains On Hold, But Changes Forward Guidance To Signal More Readiness To Ease Policy

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by Brunello Rosa

31 October 2019

MONETARY AFFAIRS - Review: Fed Cuts Rates And Signals A Pause

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by Brunello Rosa 

30 October 2019

Flash Review: BoC Remains On Hold,But With A Clear Easing Bias

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by Brunello Rosa

30 October 2019

MONETARY AFFAIRS - Fed Preview: A 25-bps Rate Cut, And a Likely Pause After

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by Nouriel Roubini and Brunello Rosa

28 October 2019

October 2019

Resilient Economy And Expected Easier Fiscal Stance Give BoC Time To Weigh Its Options

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By Brunello Rosa and Joseph Shupac

25 October 2019

MONETARY AFFAIRS - Preview: BoJ Mulls Policy Stimulus In October

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by Nouriel Roubini and Brunello Rosa

25 October 2019

ECB Review: Draghi Downplays Governing Council Infighting At Farewell Presser

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by Brunello Rosa

24 October 2019

Flash Review: The Riksbank Signals A Long Pause After The December “Probable” Hike

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by Brunello Rosa

24 October 2019

Flash Review: Norges Bank Remains On Pause and Mildly Hawkish

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by Brunello Rosa

24 October 2019

ECB PREVIEW: Acknowledging Dissent During Draghi’s Farewell Council Meeting

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by Brunello Rosa

22 October 2019

Preview: Riksbank Remains On Hold, While Keeping Its Hiking Bias

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by Brunello Rosa

21 October 2019

Flash Preview: Norges Bank To Stay On Hold With No Hiking Bias

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By Brunello Rosa

18 October 2019

POLICY COMPASS: Brexit Negotiations Continue Amid Increasing Uncertainty

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by Brunello Rosa

16 October 2019

EU Update: A Challenging Start For The “Geopolitical Commission”

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by Grégoire Roos and Brunello Rosa

11 October 2019

ITALY UPDATE: Upcoming Budget To Test The Solidity Of The M5S-PD Majority

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by Brunello Rosa

4 October 2019

Flash Review: RBA Cuts Rates And Signals Further Easing Ahead

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By Brunello Rosa

1 October 2019

September 2019

Monetary Affairs - Central Bank Preview: Reserve Bank of Australia Ready To Cut Rates Again

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 by Brunello Rosa and Francesca Panelli

27 September 2019

Brexit Update: Despite The Constitutional Crisis, Boris Johnson Remains The Most Popular Leader

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by Brunello Rosa 

26 September 2019

Central Bank Review: SNB Reviews Negative Rates Regime And Moves Closer To An Easier Policy Stance

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by Brunello Rosa

19 September 2019

Flash Review: Norges Bank Raises Rates Once More Before A Pause

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by Brunello Rosa

19 September 2019

Flash Review: BoJ On Hold, Getting Ready To Ease Policy In October

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by Brunello Rosa  and Francesca Panelli

19 September 2019

Fed Review: A Divided FOMC Cuts Rates, But Is Less Dovish Than Markets Expected

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by Brunello Rosa

18 September 2019

MONETARY AFFAIRS - BOJ PREVIEW: Keeping the Powder (Mostly) Dry

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by Nouriel Roubini, Brunello Rosa and Francesca Panelli

17 September 2019

FED PREVIEW: A 25bps Cut In September, With the Door Open to More Cuts Later On

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by Nouriel Roubini, Brunello Rosa and Francesca Panelli

16 September 2019

Flash Preview: SNB Getting Ready To Follow The ECB With Lower Rates

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by Brunello Rosa and Francesca Panelli

13 September 2019

Flash Preview: Norges Bank To Weigh Its Options In September

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by Brunello Rosa and Francesca Panelli

13 September 2019

ECB REVIEW: ECB Delivers A Low-Intensity, Open-Ended Easing Program

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By Brunello Rosa

12 September 2019

ECB PREVIEW: ECB’s Easing Package May Be Smaller Than Expected

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By Brunello Rosa and Nouriel Roubini

6 September 2019

AUGUST 2019

Bank of Canada, Reserve Bank of Australia and Riksbank Preview: On Hold, With A Dovish Bias

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 by Francesca Panelli and Brunello Rosa 

30 August 2019

ITALY: Conte Tries To Forge A Five Star – PD Alliance - An Initially Fragile Government Is Emerging

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By Brunello Rosa

29 August 2019

Italy's Government Crisis Update: A Chaotic Crisis Plunges Italy Into Deep Political Uncertainty

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by Brunello Rosa

21 August 2019

MONETARY AFFAIRS - ECB View Update: A Larger Stimulus Package For a More Severe Economic Slowdown

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by B. Rosa, N. Roubini and F. Panelli

23 August 2019

MACRO PICTURE - MEXICO: Deteriorating Macroeconomic Outlook Amid Policy Uncertainty

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By Francesca Panelli and Brunello Rosa

22 August 2019

Scenario Analysis: Tension Between Iran and US Likely To Continue, Increasing Risk Of Escalation

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by G. Cafiero, N. Roubini and Brunello Rosa

14 August 2019

JULY - AUGUST 2019

Salvini Pulls The Plug On Conte’s Gov't and Seeks “Full Powers" With Early Elections

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by  Brunello Rosa

9 August 2019

Flash Preview: Norges Bank To Remain On Hold, But Still Open To Future Hikes

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by Brunello Rosa

9 August 2019

Flash Review: RBNZ Cuts Rates More Than Expected And Signals Further Easing

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by Brunello Rosa

7 August 2019

MONETARY AFFAIRS - Flash Preview: RBNZ to Cut Rates in August

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by Brunello Rosa and Francesca Panelli

2 August 2019

Flash Review: BOE Leaves Policy Stance Unchanged And Awaits Brexit Outcome

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by Brunello Rosa

1 August 2019

MONETARY AFFAIRS - Review: Fed Unwillingly Delivers A Relatively Hawkish Rate Cut

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by Brunello Rosa

31 July 2019

July 2019

A Cautious BOJ Stays Put, But Signals Readiness To Ease If Economic Conditions Worsen

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by Brunello Rosa, and Francesca Panelli

30 July 2019

Fed to Cut Rates by 25bps in July and Signal Another 25bps Cut In September

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By N. Roubini, Brunello Rosa and Alex Waters

29 July 2019

MONETARY AFFAIRS - BOJ Preview: Incremental Steps Before September’s Decisions

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by A. Waters, Brunello Rosa, Nouriel Roubini

26 July 2019

MONETARY AFFAIRS - Review: ECB Prepares To Deliver Fresh Stimulus Package In September

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by Brunello Rosa


25 July 2019

ECB PREVIEW: Getting Ready To Deliver More Easing In September

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by Brunello Rosa, Alex Waters  and Francesca Panelli

19 July 2019

Russia: Monetary Stabilisation, Economic Stagnation, Geopolitics Create Mixed Political Picture

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by Rémi Bourgeot and Brunello Rosa

17 July 2019

Brexit and BoE Update: Brace For Political Turmoil In Coming Months

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 by Brunello Rosa and Nouriel Roubini

12 July 2019

Flash Review: Bank of Canada Now On Hold, Ready To Go Either Way

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by Brunello Rosa

10 July 2019

Macron’s Push For French and European Reform Remains, But Will Be Constrained

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by Brunello Rosa and Nouriel Roubini

9 July 2019

BoC Preview: Balancing Global Headwinds with Domestic Resilience

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by Francesca Panelli and Brunello Rosa

5 July 2019

MONETARY AFFAIRS: G10 Central Banks Preparing For Their Easing Moves

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by Brunello Rosa

4 July 2019

EU: The End Of The Musical Chairs Game Delivers A Fragile Political Equilibrium

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by Brunello Rosa

3 July 2019

JUNE 2019

Flash Review: Riksbank Remains Cautious And Leaves Outlook Unchanged

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by Alex Waters and Brunello Rosa

3 July 2019

RBA Cuts Rates for a Second Month in a Row, With The Possibility Of More Easing Ahead

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by Brunello Rosa and Alex Waters

2 July 2019

MONETARY AFFAIRS - Preview: Riksbank To Remain Prudently Dovish

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by Brunello Rosa and Alex Waters

28 June 2019

MONETARY AFFAIRS - Preview: RBA Ready To Cut Rates Again

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By Alex Waters and Brunello Rosa

28 June 2019

POLICY COMPASS: EU Musical Chairs’ Battle At The Center of the EU Council Meeting

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by Nouriel Roubini and Brunello Rosa

20 June 2019

Flash Review: Norges Bank Raises Rates and Hints At More Hikes in 2019

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by Brunello Rosa

20 June 2019

REVIEW: Fed Moves To Easing Bias As It Stands Ready To Cut Rates In H2

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by Brunello Rosa

19 June 2019

Italy Update: Preparing For Fiscal Battles With The EU, Amid Domestic Political Turmoil

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By Brunello Rosa

19 June 2019

POLICY COMPASS: No-Deal Hard Brexit Is Still A Low-Probability Scenario

By Nouriel Roubini and Brunello Rosa
18 June 2019


By Nouriel Roubini and Brunello Rosa

18 June 2019

Fed To Stay On Hold But Leave Wide Open the Option of Forthcoming Rate Cuts

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By N. Roubini, Brunello Rosa and Alex Waters

17 June 2019

PREVIEW: Norges Bank Set To Increase Rates In Spite Of Dovish Fed and ECB

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By Alex Waters and Brunello Rosa

14 June 2019

The SNB Introduces A New Policy Rate (and Claims To Have Space To Ease)

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by Brunello Rosa and Alex Waters

13 June 2019

To Read Brunello Rosa's Older Papers

From September 2017 To February 2019 - CLICK HERE