From the ECB to yours: the outlook for banks

The European Central Bank is promising action next month to help counter the ravages of Covid-19. While we examine what more it could do, we also have a comprehensive report on all aspects of banking as we move into 2022. We're certain: the delayed impact of the coronavirus crisis is about to make itself felt. Here are our top stories this week

In this bundle

Credit

Banks Outlook 2021: The delayed impact of Covid-19 will make itself felt

The pandemic brought banks a renewed sense of purpose in 2020: providing liquidity to the real economy. Helped along by accommodative monetary and…

and

ECB: We do pre-commit and will go big in December

European Central Bank President Christine Lagarde could not have repeated the main message of today’s meeting more often: there will be additional…

Eurozone GDP receives double-digit boost ahead of another downturn

A whopping 12.7% rebound in GDP in the third quarter is a bittersweet result with new lockdowns just being announced. That makes a double-dip unavoidable.…

Already slowing eurozone growth now points to double-dip recession

October economic sentiment reveals an economy already slowing ahead of more significant lockdown measures. Expect the dreaded double-dip for 4Q GDP

United States

The US economy races ahead but for how much longer?

A record US annualised growth rate of 33.1% in 3Q20 as pent-up demand post lockdowns and surging government transfer payments to households fuelled…

US Presidential election G10 FX scorecard

Our US election G10 FX scorecard is here to gauge the impact of various election scenarios on G10 FX. In our view, the 'Blue Wave' scenario would…

Exploring the depth of Asia’s unconventional central bank easing

“Unorthodox” monetary policy is becoming so mainstream now, that what was once considered the edgy domain of some developed markets, is now…