ING Economic and Financial Analysis

After the Bank of England's unprecedented split vote this week, James Smith asks: why can't central banks just make their minds up on rate cuts? Interest rate expectations are set for a volatile...

There's so much unfinished business surrounding tariffs and the trade war. Luckily, Carsten Brzeski can make sense of where we are and what it means for the world right now. And read more of...

The same day President Trump installed an (interim) dovish ally in the FOMC, the Bank of England struck a more hawkish tone, narrowly voting in favour of another 25bp rate cut. The US calendar is...

Oil prices settled lower yesterday amid growing hopes that Presidents Trump and Putin will meet to discuss a Russia-Ukraine peace deal Energy – Potential Trump-Putin Meeting ICE Brent settled almost...

Three tailed US auctions in a row now, and a 2bp tail on the 30yr is a big price miss - a message that the US curve should be higher and steeper. A hawkish cut by the Bank of England is a good...

Potential US Fed rate cuts, along with continued central bank buying and ETF inflows, could send Gold to fresh highs. And that's why we're changing our forecast. The Gold Price This Year After...

US President Donald Trump appears to be advancing efforts to broker a Russia-Ukraine truce. Markets are pricing in cautious optimism: oil, dollar, and the Swiss franc all came under pressure. CHF...

Oil prices have not reacted to President Trump slapping an additional 25% tariff on India over its purchases of Russian oil, possibly believing there's still room for negotiation The Potential Impact...

Sterling markets remain sensitive to US dynamics and risk pricing in a too dovish path of easing by the Bank of England. Any tweaks to the pace or composition of quantitative tightening would not...

We're changing our call on the Fed. The pressure to cut rates is intensifying as the US jobs market and the growth story are no longer looking quite so solid. While prices will rise due to tariffs,...

'Tariff' may be the most beautiful word in Donald Trump's dictionary. And while tariffs will continue to dominate headlines for the rest of the year, let me introduce my economic term of the summer:...

President Trump hinted that Kevin Warsh, Kevin Hassett and two others are leading the race for the next Fed Chair and might be announced soon after Governor Adriana Kugler’s early exit. We think the...

The oil market is awaiting greater clarity on the potential for secondary tariffs on buyers of Russian oil, with President Trump’s deadline for a Russia-Ukraine peace deal scheduled for...

Both manufacturing and service sector ISM headline readings came in weaker than any analysts were forecasting. Business activity is cooling and employment is contracting in both surveys. Price...

The US 3yr auction tailed slightly on Tuesday. The excuse is it's rich compared to where it was. But it's actually not rich versus the market expectations for the funds rate. The 10yr auction is up...

One could be forgiven for thinking that President Trump has now turned his attention to disassembling the BRICS political grouping. India, Russia and Brazil are squarely in focus currently. And...