In this issue, William De Vijlder's editorial, market overview and economic scenario pages and the latest and coming economic indicators calendars.
Monetary policy influences the economy with long and variable lags. They should be considered when assessing the effects of past rate hikes on inflation and its drivers. Bank lending surveys may act as a leading indicator. Historically, tighter credit standards and weak expected credit demand were followed by slower growth of company investments and households’ housing investments. However, the relationship between credit demand and supply factors and household consumption is very weak. Considering the current relatively tight credit standards and weak expected credit demand, one should expect a negative impact on company investment and housing investments by households over the next several quarters.
GDP Growth, inflation, interest and exchange rates
The latest economic indicators updated on February 20, 2023 and the coming calendar
