Brunello Rosa

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Brunello Rosa is CEO and Head of Research at R&R. He is a 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

Outlook Update - PART 3: COVID-19 To Depress Valuations Until Pandemic Solution Is In Sight

Outlook Update - PART 3: COVID-19 To Depress Valuations Until Pandemic Solution Is In Sight

Outlook Update - PART 3: COVID-19 To Depress Valuations Until Pandemic Solution Is In Sight

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By Alessandro Magnoli Bocchi, Brunello Rosa and Nouriel Roubini

26 March 2020

Outlook Update – PART 2: Fiscal and Monetary Policy Response To COVID-19

Outlook Update - PART 3: COVID-19 To Depress Valuations Until Pandemic Solution Is In Sight

Outlook Update - PART 3: COVID-19 To Depress Valuations Until Pandemic Solution Is In Sight

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By Nouriel Roubini and Brunello Rosa


20 March 2020

Flash ECB, BOE and SNB Reviews: Central Banks Step Up Their Monetary Stimulus

Outlook Update - PART 3: COVID-19 To Depress Valuations Until Pandemic Solution Is In Sight

Flash ECB, BOE and SNB Reviews: Central Banks Step Up Their Monetary Stimulus

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By Brunello Rosa and Karmen Meneses


19 March 2020

COVID-19 Leads To A Global Recession With Severe Bear Market and Debt Crises

Flash Review: BOJ Leaves Rates Unchanged But Increases Private Sector Asset Purchases

Flash ECB, BOE and SNB Reviews: Central Banks Step Up Their Monetary Stimulus

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By Nouriel Roubini, Alessandro Magnoli Bocchi and Brunello Rosa

17 March 2020

Flash Review: BOJ Leaves Rates Unchanged But Increases Private Sector Asset Purchases

Flash Review: BOJ Leaves Rates Unchanged But Increases Private Sector Asset Purchases

Flash Review: BOJ Leaves Rates Unchanged But Increases Private Sector Asset Purchases

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By Brunello Rosa


16 March 2020

Flash Review: Fed and Other Central Bank Easing Doesn’t Stop Market Route

Flash Review: BOJ Leaves Rates Unchanged But Increases Private Sector Asset Purchases

Flash Review: BOJ Leaves Rates Unchanged But Increases Private Sector Asset Purchases

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By Brunello Rosa


16 March 2020

SNB Flash Preview: Markets Expect No Change, But SNB Will Likely Provide Monetary Stimulus

SNB Flash Preview: Markets Expect No Change, But SNB Will Likely Provide Monetary Stimulus

SNB Flash Preview: Markets Expect No Change, But SNB Will Likely Provide Monetary Stimulus

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By Brunello Rosa

16 March 2020

february - march 2020

Flash Preview: BOJ To Follow Global Central Banks And Ease Its Policy Stance

Flash Preview: BOJ To Follow Global Central Banks And Ease Its Policy Stance

Flash Preview: BOJ To Follow Global Central Banks And Ease Its Policy Stance

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By Brunello Rosa, Farah Aladsani and Nouriel Roubini

13 March 2020

The UK Shows Initial Signs Of Policy Coordination Against Coronavirus

Flash Preview: BOJ To Follow Global Central Banks And Ease Its Policy Stance

Flash Preview: BOJ To Follow Global Central Banks And Ease Its Policy Stance

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By Brunello Rosa


12 March 2020

Flash Review: ECB Delivers Initial Easing Package Amid Market Rout

Flash Preview: BOJ To Follow Global Central Banks And Ease Its Policy Stance

Flash Review: ECB Delivers Initial Easing Package Amid Market Rout

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By Brunello Rosa


12 March 2020

ECB To Deliver An Easing Package To Counter COVID-19 Shock

BoC Follows The Fed (And Cuts Rates By 50bps) And Anticipates Other G10 Central Banks

Flash Review: ECB Delivers Initial Easing Package Amid Market Rout

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By Brunello Rosa and Farah Aladsani

9 March 2020

BoC Follows The Fed (And Cuts Rates By 50bps) And Anticipates Other G10 Central Banks

BoC Follows The Fed (And Cuts Rates By 50bps) And Anticipates Other G10 Central Banks

BoC Follows The Fed (And Cuts Rates By 50bps) And Anticipates Other G10 Central Banks

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By Brunello Rosa

12 March 2020

Flash Review: RBA Kicks Off The New Round Of Monetary Easing In G10

BoC Follows The Fed (And Cuts Rates By 50bps) And Anticipates Other G10 Central Banks

BoC Follows The Fed (And Cuts Rates By 50bps) And Anticipates Other G10 Central Banks

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By Brunello Rosa and Karmen Meneses

3 March 2020

Flash Previews: BOC and RBA To Remain on Hold In March, While Sounding Dovish

Thuringia-Gate Has Decisive Consequences For Both Germany And Europe As A Whole

Flash Previews: BOC and RBA To Remain on Hold In March, While Sounding Dovish

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By Brunello Rosa

28 February 2020

COVID-19 Will Trigger a Massive Shock to the Global Economy and Markets

Thuringia-Gate Has Decisive Consequences For Both Germany And Europe As A Whole

Flash Previews: BOC and RBA To Remain on Hold In March, While Sounding Dovish

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By Nouriel Roubini and Brunello Rosa

25 February 2020

Thuringia-Gate Has Decisive Consequences For Both Germany And Europe As A Whole

Thuringia-Gate Has Decisive Consequences For Both Germany And Europe As A Whole

Thuringia-Gate Has Decisive Consequences For Both Germany And Europe As A Whole

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By John Hulsman and Brunello Rosa

25 February 2020

Argentina: The Road Ahead For The Debt-Restructuring Negotiations

Flash Review: Riksbank On Hold, With A Dovish Twist In The Statement

Thuringia-Gate Has Decisive Consequences For Both Germany And Europe As A Whole

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By Nouriel Roubini and Alessandro Magnoli Bocchi

18 February 2020

TRAVEL NOTES: FRANCE Macron Mixes Reforms And “Populist” Approach

Flash Review: Riksbank On Hold, With A Dovish Twist In The Statement

Flash Review: Riksbank On Hold, With A Dovish Twist In The Statement

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By Brunello Rosa


14 February 2020

Flash Review: Riksbank On Hold, With A Dovish Twist In The Statement

Flash Review: Riksbank On Hold, With A Dovish Twist In The Statement

Flash Review: Riksbank On Hold, With A Dovish Twist In The Statement

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by Brunello Rosa and Karmen Meneses


12 February 2020

January 2020

Flash Review: RBNZ Remains Hawkish Despite Coronavirus Risk

Flash Preview: Riksbank on Hold, With An Eye On The Global Economy

Flash Review: RBNZ Remains Hawkish Despite Coronavirus Risk

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By Brunello Rosa and Farah Aladsani

12 February 2020

Flash Preview: RBNZ to Deliver A “Dovish Hold”

Flash Preview: Riksbank on Hold, With An Eye On The Global Economy

Flash Review: RBNZ Remains Hawkish Despite Coronavirus Risk

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By Brunello Rosa and Farah Aladsani

7 February 2020

Flash Preview: Riksbank on Hold, With An Eye On The Global Economy

Flash Preview: Riksbank on Hold, With An Eye On The Global Economy

Flash Review: A “Hawkish Hold” for RBA, But Rate Cuts Remain On The Table

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by Brunello Rosa and Nouriel Roubini

7 February 2020

Flash Review: A “Hawkish Hold” for RBA, But Rate Cuts Remain On The Table

Bank of England Flash Review: “So Far Good Enough,” But A Rate Cut Remains On The Table

Flash Review: A “Hawkish Hold” for RBA, But Rate Cuts Remain On The Table

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By Brunello Rosa and Fawaz Sulaiman Al Mughrabi

4 February 2020

Flash Preview: RBA To Hold Off Providing Further Easing (For Now)

Bank of England Flash Review: “So Far Good Enough,” But A Rate Cut Remains On The Table

Bank of England Flash Review: “So Far Good Enough,” But A Rate Cut Remains On The Table

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By Brunello Rosa and Karmen Meneses


31 January 2020

Bank of England Flash Review: “So Far Good Enough,” But A Rate Cut Remains On The Table

Bank of England Flash Review: “So Far Good Enough,” But A Rate Cut Remains On The Table

Bank of England Flash Review: “So Far Good Enough,” But A Rate Cut Remains On The Table

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By Brunello Rosa


30 January 2020

Flash Review: Fed’s Policy Stance Remains “Appropriate,” With A Dovish Touch

Flash Review: Fed’s Policy Stance Remains “Appropriate,” With A Dovish Touch

Flash Review: Fed’s Policy Stance Remains “Appropriate,” With A Dovish Touch

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By Brunello Rosa


29 January 2020

Flash Preview: Fed to Remain on Hold in January

Flash Review: Fed’s Policy Stance Remains “Appropriate,” With A Dovish Touch

Flash Review: Fed’s Policy Stance Remains “Appropriate,” With A Dovish Touch

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By Nouriel Roubini, Brunello Rosa and Alessandro Magnoli Bocchi

27 January 2020

Flash Review: Regional Elections Give a Breather To The Italian Government

Flash Review: Fed’s Policy Stance Remains “Appropriate,” With A Dovish Touch

Flash Preview: BoE To Remain On Hold (But With The High Risk Of a Cut) In January

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By Brunello Rosa


27 January 2020

Flash Preview: BoE To Remain On Hold (But With The High Risk Of a Cut) In January

Flash Review: ECB Marginally Raises The (Negative) Balance of Risks And Launches Its Strategy Review

Flash Preview: BoE To Remain On Hold (But With The High Risk Of a Cut) In January

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by Brunello Rosa, Nouriel Roubini and Alessandro Magnoli Bocchi

24 January 2020

Flash Review: ECB Marginally Raises The (Negative) Balance of Risks And Launches Its Strategy Review

Flash Review: ECB Marginally Raises The (Negative) Balance of Risks And Launches Its Strategy Review

Flash Review: ECB Marginally Raises The (Negative) Balance of Risks And Launches Its Strategy Review

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by Brunello Rosa


23 January 2020

Flash Review: Norges Bank Remains On Hold But Sends First Timid Signals Of Reduced Hawkishness

Flash Review: ECB Marginally Raises The (Negative) Balance of Risks And Launches Its Strategy Review

Flash Review: ECB Marginally Raises The (Negative) Balance of Risks And Launches Its Strategy Review

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By Brunello Rosa and Farah Aladsani


23 January 2020

December 2019 - January 2020

Flash Review: Bank of Canada Hints Again At Possible Easing Ahead

Flash Review: BoJ Remains on Hold With An Easing Bias, While Revising Down Its Inflation Outlook

Regional Elections To Send Shock Waves Through Italy’s Political System

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By Brunello Rosa

22 January 2020

Regional Elections To Send Shock Waves Through Italy’s Political System

Flash Review: BoJ Remains on Hold With An Easing Bias, While Revising Down Its Inflation Outlook

Regional Elections To Send Shock Waves Through Italy’s Political System

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 By Brunello Rosa

22 January 2020

Flash Review: BoJ Remains on Hold With An Easing Bias, While Revising Down Its Inflation Outlook

Flash Review: BoJ Remains on Hold With An Easing Bias, While Revising Down Its Inflation Outlook

Flash Review: BoJ Remains on Hold With An Easing Bias, While Revising Down Its Inflation Outlook

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By Brunello Rosa and Farah Aladsani

21 January 2020

Flash Preview: ECB On Hold As Downside Risks Modestly Fade, While Launching The Strategic Review

Flash Preview: ECB On Hold As Downside Risks Modestly Fade, While Launching The Strategic Review

Flash Review: BoJ Remains on Hold With An Easing Bias, While Revising Down Its Inflation Outlook

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By Brunello Rosa and Nouriel Roubini

20 January 2020

Flash Preview: Bank of Japan To Keep Its Cool And Let Fiscal Policy Do The Heavy-Lifting

Flash Preview: ECB On Hold As Downside Risks Modestly Fade, While Launching The Strategic Review

Flash Preview: Norges Bank To Remain On Hold In January, While Keeping Its Modest Hiking Bias

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By Nouriel Roubini and Brunello Rosa

17 January 2020

Flash Preview: Norges Bank To Remain On Hold In January, While Keeping Its Modest Hiking Bias

Flash Preview: ECB On Hold As Downside Risks Modestly Fade, While Launching The Strategic Review

Flash Preview: Norges Bank To Remain On Hold In January, While Keeping Its Modest Hiking Bias

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By Brunello Rosa and Nouriel Roubini

17 January 2020

Getting Ready For The Brexit “Adjustment”

Flash Preview: As The Economy Stabilises, Bank of Canada Remains on Hold

Flash Preview: As The Economy Stabilises, Bank of Canada Remains on Hold

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 By Brunello Rosa and Nouriel Roubini

17 January 2020

Flash Preview: As The Economy Stabilises, Bank of Canada Remains on Hold

Flash Preview: As The Economy Stabilises, Bank of Canada Remains on Hold

Flash Preview: As The Economy Stabilises, Bank of Canada Remains on Hold

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By Brunello Rosa and Farah Aladsani

17 January 2020

Bank of England Moving Closer To Cutting Rates

Flash Preview: As The Economy Stabilises, Bank of Canada Remains on Hold

Central Bank Reviews: BoJ, BoE and Norges Bank Stay On Hold In December And Signal Caution Ahead

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By Brunello Rosa and Nouriel Roubini

16 January 2020

Central Bank Reviews: BoJ, BoE and Norges Bank Stay On Hold In December And Signal Caution Ahead

MONETARY AFFAIRS - Flash Review: Riksbank Brings The Repo Rate Back To Zero, And Signals A Long Paus

Central Bank Reviews: BoJ, BoE and Norges Bank Stay On Hold In December And Signal Caution Ahead

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by Brunello Rosa, Fawaz Sulaiman Al Mughrabi and Farah Aladsani

19 December 2019

MONETARY AFFAIRS - Flash Review: Riksbank Brings The Repo Rate Back To Zero, And Signals A Long Paus

MONETARY AFFAIRS - Flash Review: Riksbank Brings The Repo Rate Back To Zero, And Signals A Long Paus

MONETARY AFFAIRS - Flash Review: Riksbank Brings The Repo Rate Back To Zero, And Signals A Long Paus

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by Brunello Rosa and Karmen Meneses


19 December 2019

2020 GLOBAL OUTLOOK AND ASSET ALLOCATION - Despite The Improved Outlook, Beware of The Cracks

MONETARY AFFAIRS - Flash Review: Riksbank Brings The Repo Rate Back To Zero, And Signals A Long Paus

MONETARY AFFAIRS - Flash Review: Riksbank Brings The Repo Rate Back To Zero, And Signals A Long Paus

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by Nouriel Roubini, Brunello Rosa, and Alessandro Magnoli Bocchi

16 December 2019

DECEMBER 2019

MONETARY AFFAIRS - BOJ PREVIEW: Bank of Japan to Stay on Hold, as Global Headwinds Are Lessened

MONETARY AFFAIRS - BOJ PREVIEW: Bank of Japan to Stay on Hold, as Global Headwinds Are Lessened

MONETARY AFFAIRS - BOJ PREVIEW: Bank of Japan to Stay on Hold, as Global Headwinds Are Lessened

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by Nouriel Roubini and Brunello Rosa

16 December 2019

Flash Preview: Norges Bank To Remain on Pause In December, And For Some Time

MONETARY AFFAIRS - BOJ PREVIEW: Bank of Japan to Stay on Hold, as Global Headwinds Are Lessened

MONETARY AFFAIRS - BOJ PREVIEW: Bank of Japan to Stay on Hold, as Global Headwinds Are Lessened

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by Brunello Rosa

13 December 2019

MONETARY AFFAIRS - Flash Preview: Riksbank To Normalise Rates Before A Long Pause

MONETARY AFFAIRS - BOJ PREVIEW: Bank of Japan to Stay on Hold, as Global Headwinds Are Lessened

UK Election, Brexit and BoE: Johnson’s Landslide Victory Opens The Gates To Brexit

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by Brunello Rosa

13 December 2019

UK Election, Brexit and BoE: Johnson’s Landslide Victory Opens The Gates To Brexit

UK Election, Brexit and BoE: Johnson’s Landslide Victory Opens The Gates To Brexit

UK Election, Brexit and BoE: Johnson’s Landslide Victory Opens The Gates To Brexit

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by Brunello Rosa

13 December 2019

MONETARY AFFAIRS - Flash Review: SNB On Hold, With An Easing Bias

UK Election, Brexit and BoE: Johnson’s Landslide Victory Opens The Gates To Brexit

Flash Review: “Owl-ish” Lagarde Plays It Safe At First ECB Presser

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by Brunello Rosa

12 December 2019

Flash Review: “Owl-ish” Lagarde Plays It Safe At First ECB Presser

UK Election, Brexit and BoE: Johnson’s Landslide Victory Opens The Gates To Brexit

Flash Review: “Owl-ish” Lagarde Plays It Safe At First ECB Presser

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by Brunello Rosa

12 December 2019

Flash Review: Dovish Fed Pledges To Stay On Hold During 2020 Electoral Year

MONETARY AFFAIRS - Preview: Swiss National Bank Likely To Hold Off, For Now

MONETARY AFFAIRS - Preview: Swiss National Bank Likely To Hold Off, For Now

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by Brunello Rosa


12 December 2019

MONETARY AFFAIRS - Preview: Swiss National Bank Likely To Hold Off, For Now

MONETARY AFFAIRS - Preview: Swiss National Bank Likely To Hold Off, For Now

MONETARY AFFAIRS - Preview: Swiss National Bank Likely To Hold Off, For Now

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by  Brunello Rosa, Farah Aladsani and Fawaz Al Mughrabi

10 December 2019

MONETARY AFFAIRS - Federal Reserve Preview: Managing The Pause

MONETARY AFFAIRS - Preview: Swiss National Bank Likely To Hold Off, For Now

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

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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

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

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

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

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

POLICY COMPASS - Winter Is Coming For Europe’s Wobbly Coalitions

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

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

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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

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

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

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

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

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By Brunello Rosa

3 December 2019

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

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

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

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

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

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by Brunello Rosa

29 November 2019

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

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

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

15 November 2019

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

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

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

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

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

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by Brunello Rosa

13 November 2019

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

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

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

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

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

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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

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

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

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

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

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

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

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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

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

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

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By Brunello Rosa

1 November 2019

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

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

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

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

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

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

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

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by Brunello Rosa 

30 October 2019

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

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

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

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by Brunello Rosa

30 October 2019

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

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

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

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

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

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

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

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by Nouriel Roubini and Brunello Rosa

25 October 2019

ECB Review: Draghi Downplays Governing Council Infighting At Farewell Presser

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

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

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

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

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

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

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by Brunello Rosa

24 October 2019

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

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

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

POLICY COMPASS: Brexit Negotiations Continue Amid Increasing Uncertainty

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

POLICY COMPASS: Brexit Negotiations Continue Amid Increasing Uncertainty

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

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By Brunello Rosa

18 October 2019

POLICY COMPASS: Brexit Negotiations Continue Amid Increasing Uncertainty

POLICY COMPASS: Brexit Negotiations Continue Amid Increasing Uncertainty

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”

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

POLICY COMPASS: Brexit Negotiations Continue Amid Increasing Uncertainty

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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

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

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

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

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

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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

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

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

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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

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

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

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

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

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

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

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

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

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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

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

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

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

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

17 September 2019

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

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

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

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

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

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

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

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

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

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

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

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

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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

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

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

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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

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

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

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

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

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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

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

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

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

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

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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

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

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

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

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

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

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

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

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

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

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

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by Brunello Rosa and Francesca Panelli

2 August 2019

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

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

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

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by Brunello Rosa

1 August 2019

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

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

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

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

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

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

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

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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

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

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

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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

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

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

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

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

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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

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

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

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

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

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

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

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by Brunello Rosa

10 July 2019

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

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

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

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

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

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by Francesca Panelli and Brunello Rosa

5 July 2019

MONETARY AFFAIRS: G10 Central Banks Preparing For Their Easing Moves

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

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

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by Brunello Rosa

4 July 2019

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

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

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

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

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

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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

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

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

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

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

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

MONETARY AFFAIRS - Preview: Riksbank To Remain Prudently Dovish

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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

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

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

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

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

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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

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

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

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by Brunello Rosa

19 June 2019

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

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

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

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

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

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

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

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

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

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)

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

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

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by Brunello Rosa and Alex Waters

13 June 2019

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