Interest and exchange rate forecast - December 2012

Interest and exchange rate forecast - December 2012

No early Christmas surprises:

Economic Analysis

07 December 2012

It maybe the month of Christmas cheer, but there were no early presents on offer from either the Bank of England or the European Central Bank at their December meetings.  Both left monetary policy unchanged.

With attention focused on the US fiscal cliff negotiations, we expect the same outcome from the Federal Reserve's final meeting of 2012 next week.

Having had a quiet month, foreign exchange markets could see a late flurry of activity based on the outcome of these negotiations. While we expect much of the fiscal cliff to be avoided, we'll know if our faith in US policy makers is justified by the time of our IER in January.

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Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

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