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.

interest-exchange-rate-forecast-2012-12.pdf
Dowload the full forecast (57KB)

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

Set Tab for lightbox