Rosa & Roubini Associates

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Monetary Affairs

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

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By Brunello Rosa

19 September 2019

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 N. Roubini, B. Rosa and F. 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 N. Roubini, B. Rosa and F. 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

August - 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

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

BOC, RBA and Riksbank Preview: On Hold, With A Dovish Bias

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by Francesca Panelli and Brunello Rosa

30 August 2019

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

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

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by Brunello Rosa

9 August 2019

July - AUgust 2019

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

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by Brunello Rosa

7 August 2019

Flash Preview: Reserve Bank of New Zealand 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

Fed Review: Fed Unwillingly Delivers A Relatively Hawkish Rate Cut

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by Brunello Rosa

31 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

PREVIEW: Fed to Cut Rates by 25bps in July and Signal Another 25bps Cut In Sept

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by N. Roubini, Brunello Rosa and Alex Waters

29 July 2019

JUly 2019

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

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by A. Waters, B. Rosa and N. Roubini

26 July 2019

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, F.Panelli

19 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

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

June 2019

Flash Review: Riksbank Remains Cautious And Leaves Outlook Unchanged

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by Alex Waters and Brunello Rosa

3 Juy 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 - Central Bank Preview: RBA Ready To Cut Rates Again

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by Alex Waters and Brunello Rosa 

28 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

Preview: 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

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

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By Brunello Rosa and Alex Waters

6 June 2019

Review: ECB Is Not As Dovish As The Market Expected, But Is Ready To Ease

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By Brunello Rosa

6 June 2019

Review: RBA Cuts Its Cash Rate Due to Uncertainty On The Global Outlook

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by Alex Waters

4 June 2019

ECB Preview: Don’t Expect Too Much Substance, But Still a Dovish Tone

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by Brunello Rosa and Nouriel Roubini

3 June 2019

MAY 2019

FLASH REVIEW: Norges Bank Surprises Markets And Signals A Rate Hike In June

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by Brunello Rosa

9 May 2019

Review: RBNZ Is The First G10 Central Bank to Cut Rates In This Cycle

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by Alex Waters and Brunello Rosa

8 May 2019

RBA Review: Cash Rate Held Steady, Labour Market Key to Rate Outlook

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By Alex Waters and Brunello Rosa

7 May 2019

MONETARY AFFAIRS - Flash Preview: RBNZ Seen Cutting Rates

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by Brunello Rosa

3 May 2019

MONETARY AFFAIRS - RBA PREVIEW: A Rate Cut Is On The Table

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by Alex Waters and Brunello Rosa

3 May 2019

MONETARY AFFAIRS - Review: Fed Remains Patiently Dovish, But No Rate Cuts In Sight

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by Brunello Rosa and Nouriel Roubini

1 May 2019

April 2019

Preview: Fed Still Patient, With Rate Cuts Considered Only If Outlook Worsens

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by Nouriel Roubini and Alex Waters

29 April 2019

Ultra-Dovish Riksbank Lowers Its Repo Rate Path And Extends QE to End-2020

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by Brunello Rosa

25 April 2019

Review: The BoJ Re-Commits to Its Current Policy Framework by Updating Its Forward Guidance

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by Brunello Rosa

25 April 2019

MONETARY AFFAIRS - Review: Bank Of Canada Removes Its Tightening Bias

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by Brunello Rosa

24 April 2019

Preview: BoJ In Wait-And-See Mode as Global Headwinds May Fade

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by Alex Waters and Nouriel Roubini

19 April 2019

MONETARY AFFAIRS - Bank of Canada Preview: On Hold, For Now

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by Alex Waters and Brunello Rosa

19 April 2019

MARCH-APRil 2019

ECB Review: Assessing The Policy Stance Ahead Of Further Possible Action

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By Brunello Rosa

10 April 2019

ECB PREVIEW: Policy on Hold. No Tiering Yet and TLTRO Details to Be Decided Over Time

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by Brunello Rosa and Nouriel Roubini

8 April 2019

ECB Is Mulling Reserve Tiering, But It Has Not Made Up Its Mind Yet

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by Brunello Rosa

8 April 2019

Review: RBNZ Prepares For a Rate Cut (And Puts Pressure On RBA To Shift Risk Balance)

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by Alex Waters and Brunello Rosa

28 March 2019

Review: Hawkish Norges Bank Raises Rates and Signals Another Hike Within Six Months

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by Brunello Rosa and Alex Waters

21 March 2019

MONETARY AFFAIRS - Review: Fed Delivers Another Dovish Surprise

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by Brunello Rosa and Alex Waters

20 March 2019

March 2019

Preview: Norges Bank To Hike In March and Signal Another Hike in 2019

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by Alex Waters

15 March 2019

Fed Preview: Extended Pause Highly Likely and Treasuries Runoff to End This Year

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by N. Roubini, B. Rosa and A. Waters

14 March 2019

MONETARY AFFAIRS - ECB Review: ECB Adds Monetary Accommodation

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by Brunello Rosa

7 March 2019

MONETARY AFFAIRS - REVIEW: Dovish BOC Signals A Long Pause

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by Brunello Rosa

6 March 2019

Reviewing DNB’s Reaction Function To Defend Currency Peg

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by Alex Waters and Brunello Rosa

5 March 2019

MONETARY AFFAIRS - PREVIEW: BOC Likely To Pause For Longer

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by Alex Waters, Joseph Shupac, Brunello Rosa 

4 March 2019

January - February 2019

PREVIEW: Change In Forward Guidance and New (T)LTRO Coming, Given Downside Risks

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by Nouriel Roubini and Brunello Rosa

21 February 2019

SNB: Rising Global and Domestic Risks To Fight With Little Policy Ammunition

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by Alex Waters and Brunello Rosa

20 February 2019

RBA Jumps on The Dovish Bandwagon, While RBNZ Still Sits On The Fence

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by Alex Waters

19 February 2019

REVIEW: The Fed Takes A Sharp Break In the Hiking Cycle and Moves to a Strongly Dovish Stance

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by Brunello Rosa

30 January 2019

Fed Preview: Opening The Door To A Pause In The Hiking Cycle

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by Alex Waters and Brunello Rosa

25 January 2019

Review: ECB Twists Risks To The Growth Outlook To The Downsid

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by Brunello Rosa

24 January 2019

January 2019

The Future of Banking: Small is the New Big

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by Alessandro Magnoli Bocchi 

and Mert Yildiz


24 January 2019

Review: BoJ Lowers Inflation Projections and Remains On Auto-Pilot

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by Alex Waters 


23 January 2019

Norges Bank Preview: Waiting For March to Hike

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 Photo: Esten Borgos (from Norges Bank’s website)  

by Alex Waters

18 January 2019

BoJ PREVIEW: A Stronger Yen May Cause Some Discomfort

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by Alex Waters 

17 January 2019

REVIEW: BoC Remains On Hold, With Hawkish Undertones

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by B. Rosa, A. Waters and J. Shupac

9 January 2019

BoC Likely to Remain On Hold, While Sounding Upbeat

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by Alex Waters and Joseph Shupac

7 January 2019

November - december 2018

MONETARY AFFAIRS - Review: Riksbank Hikes its Policy Rate by 25bps

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by Brunello Rosa 

and Alex Waters 

20 December 2018

MONETARY AFFAIRS - Review: Fed Reduces Expected Number of Rate Hikes in 2019

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by Brunello Rosa 

and Alex Waters 

19 December 2018

MONETARY AFFAIRS - PREVIEW: Fed to Signal Slower Pace of Policy Normalization

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by Brunello Rosa, Alex Waters and Nouriel Roubini

17 December 2018

RIKSBANK PREVIEW: Riksbank Likely To Wait Longer Before Lift-Off

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by Brunello Rosa and Alex Waters

14 December 2018

ECB REVIEW ECB Confirms Its Policy Stance (With Few Details on Reinvestment)

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by Brunello Rosa

13 December 2018

ECB PREVIEW: We Do Not Expect A Radical Shift In Policy in December

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by Brunello Rosa and Nouriel Roubini

30 November 2018

September - November 2018

BOJ Still Far From A Shift In Policy Regime, But Triggers For A Change Are Now Clearer

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by Nouriel Roubini 

8 November 2018

MONETARY AFFAIRS: ECB Review Rendez-Vous in December for All Decisions

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by Brunello Rosa

25 October 2018 

BOC REVIEW: Trade Relief Ensures An Autumn Hike and Hawkish Tones

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by Joseph Shupac and Brunello Rosa

24 October 2018

PREVIEW: ECB Likely To Buy More Time Before Committing

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by Brunello Rosa

22 October 2018

REVIEW: Fed Hikes Rates and Drops “Accommodative” Stance

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by Brunello Rosa

27 September 2018

PREVIEW: Fed Continues to Normalize At a Steady Pace

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by Brunello Rosa 

and Nouriel Roubini

24 September 2018

July - September 2018

Norges Bank Begins Its Well-Telegraphed Tightening Cycle

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by Brunello Rosa

21 September 2018

Review: ECB Buys Time (Again) On Re-Investment Policy

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by Brunello Rosa

13 September 2018

ECB PREVIEW: Still Waiting For Re-Investment Policy Details

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by Brunello Rosa

11 September 2018

MONETARY AFFAIRS - REVIEW: BOJ Policy Tweaks Fail To Impress Markets

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by Brunello Rosa and Nouriel Roubini

21 August 2018

MONETARY AFFAIRS - REVIEW: BOE Ends Up Delivering A Dovish Hike

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by Brunello Rosa

2 August 2018

PREVIEW: BoJ Unlikely To Change Its Policy Regime Apart From Minor Tweaks

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by Nouriel Roubini

27 July 2018

June - July 2018

BOE PREVIEW BOE Finds A Window To Slot In a Rate Hike

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by Brunello Rosa

27 July 2018

ECB Review: Details On Reinvestment Policy to Come After the Summer

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by Brunello Rosa

26 July 2018

ECB PREVIEW: Focus on Re-Investment Policy

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by Brunello Rosa


20 July 2018

BOC Review: Hike Now, and on a Half-Yearly Basis

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By Joseph Shupac 

and Brunello Rosa

12 July 2018

PREVIEW: BOC Set to Raise Rates, But No Longer Certain to Signal Further Hikes

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by Joseph Shupac and Brunello Rosa

6 July 2018

BOE After June MPC and Mansion House Speech

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by Brunello Rosa


22 June 2018

May - June 2018

ECB Indicates End of QE and Beginning of Rates Guidance

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by 

Brunello Rosa

14 June 2018

Fed Review: Fed Delivers A Hawkish Hike

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by Brunello Rosa


13 June 2018

FED PREVIEW: Hike in June Done Deal, Four Hikes in 2018 Not Yet

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by Nouriel Roubini and Brunello Rosa

11 June 2018

ECB PREVIEW: Discussion on QE Extension to Begin in June, But No Rush to Decide

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by Brunello Rosa and Nouriel Roubini

8 June 2018 

BOE Stays on Hold and Remains Data Dependent

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by Brunello Rosa

10 May 2018

BOE To Remain on Hold in May (And Even a Hike in August Is Not A Done Deal)

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by Brunello Rosa

4 May 2018

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