In line with our expectations, the MPC cut the National Bank of Poland (NBP) rates by 25bp (main policy rate down to 4.25%).

Large parts of the commodities complex came under pressure yesterday as part of a broader risk-off move across global markets ...

Hungary: At a glance. Third-quarter GDP growth came as a negative surprise with a quarter-on-quarter stagnation. The weak ...

The ECB looks to have more time before excess reserves reach levels where bigger shifts in banks' behaviour become obvious ...

Sterling money markets showed a significant tightening in October, which can be explained by a rotation away from ...

Back in May, a US federal court, the Court of International Trade, delivered a landmark ruling that US President Donald Trump ...

A more defensive mood has gripped global markets and FX this week. There has not been one particular catalyst here, although ...

Treasuries are treading water, and really should have performed better on a risk-off Tuesday. But the 10yr seems content at ...

Czech inflation picked up in October, supported by a bounce-back in food prices. Market energy prices are set to drop early in 2026, and the government may launch its first action to counter ...

Increased Chinese competition within Europe and in third markets may intensify as a result of global trade tensions ...

Repo has tightened, the effective funds rate has risen, and the Fed has reacted with a promise to buy T-bills. So far, heavier bills issuance has crowded out Repo longs. Ahead, expect a bigger shift ...

Julian Geib is a Junior Economist based in Frankfurt. He joined ING in April 2025 after completing a master’s degree in economics from LMU Munich, complemented by studies in Portugal and Denmark.