Policy Watch

Coverage of fiscal and monetary policy, regulation, taxation, and geopolitical decisions that influence markets and everyday life. We break down government action and its economic impact.

The UAE Dirham Cannot Appreciate Against the US Dollar. That Makes the US FOMC's Hawkish Turn Directly the UAE's Monetary Policy.

Monetary Policy

The UAE Dirham Cannot Appreciate Against the US Dollar. That Makes the US FOMC's Hawkish Turn Directly the UAE's Monetary Policy.

Mozambique's Government Revenue Is Being Transformed by Gas. The Question Is Whether the Fiscal Windfall Reaches the Country's People.

Fiscal Policy

Mozambique's Government Revenue Is Being Transformed by Gas. The Question Is Whether the Fiscal Windfall Reaches the Country's People.

Peru's Central Bank Has Cut Its Reference Rate Six Times Since 2024. Consumer Price Inflation Is Back Within Target. Here Is What Comes Next.

Monetary Policy

Peru's Central Bank Has Cut Its Reference Rate Six Times Since 2024. Consumer Price Inflation Is Back Within Target. Here Is What Comes Next.

Belgium Has One of the Biggest Budget Deficits in Western Europe. A New Government Is Finally Trying to Fix It. Here Is What That Means.

Fiscal Policy

Belgium Has One of the Biggest Budget Deficits in Western Europe. A New Government Is Finally Trying to Fix It. Here Is What That Means.

Bulgaria Just Joined the Eurozone. It Also Has the Second-Highest Consumer Price Index Inflation in the EU. Those Two Facts Are a Fiscal Problem.

Fiscal Policy

Bulgaria Just Joined the Eurozone. It Also Has the Second-Highest Consumer Price Index Inflation in the EU. Those Two Facts Are a Fiscal Problem.

Portugal's Government Budget Went From 6% Deficit to Surplus in Five Years. The Hard Part Is Staying There.

Fiscal Policy

Portugal's Government Budget Went From 6% Deficit to Surplus in Five Years. The Hard Part Is Staying There.

Czech National Bank Has Cut Its Key Policy Rate Nine Times Since Late 2023. With Consumer Price Index Inflation at 1.8%, the Question Is Where the Floor Is.

Monetary Policy

Czech National Bank Has Cut Its Key Policy Rate Nine Times Since Late 2023. With Consumer Price Index Inflation at 1.8%, the Question Is Where the Floor Is.

Austria's Oesterreichische Nationalbank Is Watching Two Things Ahead of the ECB's July 24 Meeting: Energy Prices and Wage Data.

Monetary Policy

Austria's Oesterreichische Nationalbank Is Watching Two Things Ahead of the ECB's July 24 Meeting: Energy Prices and Wage Data.

The USMCA Review Deadline Just Passed. Canada's Fiscal Strategy Is Now Built Around One Uncomfortable Uncertainty.

Policy Watch

The USMCA Review Deadline Just Passed. Canada's Fiscal Strategy Is Now Built Around One Uncomfortable Uncertainty.

Germany's Pension Commission Just Proposed Linking the Retirement Age to Life Expectancy. The Fiscal Arithmetic Behind It Is Hard to Argue With.

Fiscal Policy

Germany's Pension Commission Just Proposed Linking the Retirement Age to Life Expectancy. The Fiscal Arithmetic Behind It Is Hard to Argue With.

Colombia's Banco de la República Just Raised Its Benchmark Interest Rate Three Times in Six Months. Here Is the Full Picture.

Monetary Policy

Colombia's Banco de la República Just Raised Its Benchmark Interest Rate Three Times in Six Months. Here Is the Full Picture.

Romania's Consumer Price Index Inflation Is at 9.7%. It Is the Highest in the EU. The National Bank of Romania Is Caught Between Two Painful Choices.

Monetary Policy

Romania's Consumer Price Index Inflation Is at 9.7%. It Is the Highest in the EU. The National Bank of Romania Is Caught Between Two Painful Choices.

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