ING Think1m
Federal Reserve preview: No imminent pressure, but downside growth risks point to 2H rate cuts
The Fed are in no hurry to cut rates further, but the weakening growth outlook could force their hand in later in the year ...
ING Think1m
Asia FX Talking: Renminbi set to come under more pressure
Return of USD strength in the near term is likely to be the dominant factor impacting IDR in the near term. Although Indonesia is relatively less exposed to US tariff risk, escalation of tariff talks ...
ING Think1m
EMEA FX Talking: More CEE divergence
Currencies in the EMEA region continue to diverge. In the CEE space, we think the Polish zloty and Czech koruna have the best chances of taking advantage of European growth and domestic strength. We ...
ING Think1m
Germany’s historic fiscal package looks like a done deal
After long negotiations between the CDU/CSU, SPD and the Greens, a deal appears to have been reached to secure a two-thirds majority for the announced fiscal package at the official vote in the German ...
ING Think3m
Poland’s inflation surprises to the downside as odds of rate cuts rise
Inflation came in lower at the beginning of 2025 due to the new CPI basket and revisions to the January reading. With new CPI weights and more realistic assumptions on electricity prices, inflation ...
ING Think4m
Italian industry bounces right back
Italian industrial production has regained the ground lost in December. Despite some short-term volatility, production appears to be stabilising with limited room for short-term acceleration After a ...
ING Think4h
FX Talking: Dollar falls back to earth
EUR/USD now looks to be a 1.05-1.10 rather than a 1.00-1.05 trading range. A more meaningful break higher in EUR/USD – say above the 1.12 area – will likely require a much steeper US slowdown. We are ...
ING Think5h
Knightley: We’ll be waiting months for the next Fed rate cut
There was a lot of economic optimism when Donald Trump entered the White House. But as hopes for a sustained recovery fade - there's even some talk of recession - what does that mean for US interest ...
ING Think5h
Gold tops $3,000/oz for the first time
Gold just topped $3,000/oz for the first time ever. Tariff concerns that risk higher inflation and slower economic growth are spurring demand for safe-haven assets like gold.
ING Think5h
Sweden’s Riksbank likely done with rate cuts as economy bounces back
Following 175bp worth of rate cuts, it looks like Sweden’s Riksbank is finally done with easing. We don’t expect any change to the policy rate, currently 2.25%, at the 20 March meeting and we no ...
ING Think6h
FX Daily: EUR/USD optimism starts to wane
Tariff news and German politics is a downside risk to EUR/USD today. Soft US consumer confidence data is an upside risk. 1.0810-1.0880 could be the EUR/USD range today.
ING Think7h
UK growth to rebound through 2025 after a sluggish January
Don’t be distracted by volatility in the monthly GDP numbers, because despite a surprise fall in January’s economic output, higher government spending should lead to reasonable growth through 2025.