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ING Economics

ING Economics

INGs global economists and strategists tell you whats happening and is likely to happen in the world of global markets.

Our analysis and forecasts will help you respond and stay a step ahead in the world of macroeconomics, central banks, FX, commodities and everything else in between. Visit ING.com.

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Author's articles

The Bank Of Korea (BoK) Will Continue To Hint At Further Fightening| FXMAG.COM

The Bank Of Korea (BoK) Will Continue To Hint At Further Fightening

FOREX
ING Economics
Conditions In Central And Eastern Europe Are Deteriorating And FX Market Is Heading Into The Fed Meeting| FXMAG.COM

Conditions In Central And Eastern Europe Are Deteriorating And FX Market Is Heading Into The Fed Meeting

FOREX
ING Economics
ING Economics presents four possible variants of Bank of England decision and their possible consequences for i.a. GBP/USD| FXMAG.COM

ING Economics presents four possible variants of Bank of England decision and their possible consequences for i.a. GBP/USD

ECONOMY
ING Economics
In Poland flash estimation of inflation almost hit 18%| FXMAG.COM

In Poland flash estimation of inflation almost hit 18%

FOREX
ING Economics
Eurozone's GDP growth hits 0.2%, inflation exceeds 10.5%!| FXMAG.COM

Eurozone's GDP growth hits 0.2%, inflation exceeds 10.5%!

ECONOMY
ING Economics
The Currency Markets This Week Will Be Dominated By Fed Decisions| FXMAG.COM

The Currency Markets This Week Will Be Dominated By Fed Decisions

FOREX
ING Economics
Italian Gross Domestic Product growth came at 0.5%. Q4 could be worse, ING expects| FXMAG.COM

Italian Gross Domestic Product growth came at 0.5%. Q4 could be worse, ING expects

ECONOMY
ING Economics
Japanese industrial production plunged 1.6%! ING expects Q3 GDP (Q/Q) rise will decrease to 0.5%| FXMAG.COM

Japanese industrial production plunged 1.6%! ING expects Q3 GDP (Q/Q) rise will decrease to 0.5%

FOREX
ING Economics
Wheat prices went up. "Risky assets" are ahead of Fed decision and NFP release| FXMAG.COM

Wheat prices went up. "Risky assets" are ahead of Fed decision and NFP release

FOREX
ING Economics
Asia: Korean industrial production decreases by 1.8%| FXMAG.COM

Asia: Korean industrial production decreases by 1.8%

ECONOMY
ING Economics
Soft commodities - corn and wheat up. Crude oil prices may end October above-the-line after very long time| FXMAG.COM

Soft commodities - corn and wheat up. Crude oil prices may end October above-the-line after very long time

COMMODITIES
ING Economics
Chinese manufacturing PMI decreased by 0.9, hitting 49.2. Non-manufacturing PMI went down as well| FXMAG.COM

Chinese manufacturing PMI decreased by 0.9, hitting 49.2. Non-manufacturing PMI went down as well

FOREX
ING Economics
In the previous week both S&P 500 and Nasdaq gained over 2%| FXMAG.COM

In the previous week both S&P 500 and Nasdaq gained over 2%

FOREX
ING Economics
Whether President Biden Stands Again And Whether Former President Trump Will Seek The Nomination To Run| FXMAG.COM

Whether President Biden Stands Again And Whether Former President Trump Will Seek The Nomination To Run

ECONOMY
ING Economics
The US Dollar (USD) May Meet Strong Demand Into Any Weakness| FXMAG.COM

The US Dollar (USD) May Meet Strong Demand Into Any Weakness

ECONOMY
ING Economics
The Fed Would Follow Other Central Banks And Rein In Their Aggressiveness| FXMAG.COM

The Fed Would Follow Other Central Banks And Rein In Their Aggressiveness

ECONOMY
ING Economics
The New Czech National Bank (CNB) Leadership Meeting Ahead | Inflation In Poland And In Turkey Continued Trending Upward| FXMAG.COM

The New Czech National Bank (CNB) Leadership Meeting Ahead | Inflation In Poland And In Turkey Continued Trending Upward

ECONOMY
ING Economics
Inflation In Indonesia And The Philippines Will Likely Heat Up Further| FXMAG.COM

Inflation In Indonesia And The Philippines Will Likely Heat Up Further

ECONOMY
ING Economics
Central Banks (Fed, BoE) Will Decide To Continue To Tightening The Monetary Policy| FXMAG.COM

Central Banks (Fed, BoE) Will Decide To Continue To Tightening The Monetary Policy

ECONOMY
ING Economics
ING expects that Bank of England will hike the interest rate by 50bp| FXMAG.COM

ING expects that Bank of England will hike the interest rate by 50bp

FOREX
ING Economics
Taiwanese GDP rose 4.1% in Q3 (YoY). ING Economics correct their predictions for 2022 and 2023| FXMAG.COM

Taiwanese GDP rose 4.1% in Q3 (YoY). ING Economics correct their predictions for 2022 and 2023

ECONOMY
ING Economics
Among others, lower energy prices made Spanish inflation go down by over 1.5%!| FXMAG.COM

Among others, lower energy prices made Spanish inflation go down by over 1.5%!

ECONOMY
ING Economics
Although German economy sends a positive signal by posting a 0.3% GDP growth, it's not the end of recession fears...| FXMAG.COM

Although German economy sends a positive signal by posting a 0.3% GDP growth, it's not the end of recession fears...

ECONOMY
ING Economics
Inflation in France increased to 6.2%. ING points to "fuel shortages" and food prices| FXMAG.COM

Inflation in France increased to 6.2%. ING points to "fuel shortages" and food prices

ECONOMY
ING Economics
"We would expect a widening of the 3m Euribor-Estr basis from -2bp currently to above 10bp"| FXMAG.COM

"We would expect a widening of the 3m Euribor-Estr basis from -2bp currently to above 10bp"

FOREX
ING Economics
Bank of Japan modifies its inflation prediction. They expect in FY23 inflation will reach 1.6%| FXMAG.COM

Bank of Japan modifies its inflation prediction. They expect in FY23 inflation will reach 1.6%

FOREX
ING Economics
Eurozone: Spanish Gross Domestic Product jumped much less than in August| FXMAG.COM

Eurozone: Spanish Gross Domestic Product jumped much less than in August

FOREX
ING Economics
The Peak Of German Inflation Will Probably Come At The Turn Of The Year| FXMAG.COM

The Peak Of German Inflation Will Probably Come At The Turn Of The Year

ECONOMY
ING Economics
French Gross Domestic Product went up slightly. ING points to "strong business investment following the easing of supply chain tensions"| FXMAG.COM

French Gross Domestic Product went up slightly. ING points to "strong business investment following the easing of supply chain tensions"

ECONOMY
ING Economics
Energy Prices Fueled The Rise In Inflation In Italy| FXMAG.COM

Energy Prices Fueled The Rise In Inflation In Italy

ECONOMY
ING Economics
"The ECB was also not unanimous on the size of yesterday’s hike"| FXMAG.COM

"The ECB was also not unanimous on the size of yesterday’s hike"

FOREX
ING Economics
ING Economics expects the interest rate of Czech National Bank won't be changed| FXMAG.COM

ING Economics expects the interest rate of Czech National Bank won't be changed

FOREX
ING Economics
Today in the USA, 3Q22 Employment Cost Index is released, which is important for Fed and as a consequence for US dollar| FXMAG.COM

Today in the USA, 3Q22 Employment Cost Index is released, which is important for Fed and as a consequence for US dollar

FOREX
ING Economics
Headline Tokyo CPI increased by 0.7%, Nasdaq lost 1.63%| FXMAG.COM

Headline Tokyo CPI increased by 0.7%, Nasdaq lost 1.63%

FOREX
ING Economics
"The European Central Bank (ECB) announced changes to the terms of the targeted longer-term refinancing operations (TLTRO)-III programme"| FXMAG.COM

"The European Central Bank (ECB) announced changes to the terms of the targeted longer-term refinancing operations (TLTRO)-III programme"

FOREX
ING Economics
ING Economics expect that European Central Bank may end hiking in February 2023| FXMAG.COM

ING Economics expect that European Central Bank may end hiking in February 2023

FOREX
ING Economics
The US GDP grows 2.6% in Q3. 75bp rate hike next may not be the final one| FXMAG.COM

The US GDP grows 2.6% in Q3. 75bp rate hike next may not be the final one

FOREX
ING Economics
European Central Bank delivered a 75bp rate hike| FXMAG.COM

European Central Bank delivered a 75bp rate hike

ECONOMY
ING Economics
In Europe weather conditions play in favour of filling up the inventories, but 2023 may be a greater challenge| FXMAG.COM

In Europe weather conditions play in favour of filling up the inventories, but 2023 may be a greater challenge

COMMODITIES
ING Economics
ING Economics expects GDP of Italy will plunge 0.5% in Q4, but stay positive at 3.4% considering 2022 as a whole| FXMAG.COM

ING Economics expects GDP of Italy will plunge 0.5% in Q4, but stay positive at 3.4% considering 2022 as a whole

ECONOMY
ING Economics
"Today's decision should reflect a desire to further normalise policy and unwind stimulus in light of unbudging inflation"| FXMAG.COM

"Today's decision should reflect a desire to further normalise policy and unwind stimulus in light of unbudging inflation"

ECONOMY
ING Economics
In the European Union share of energy in food producers' costs rose dramatically| FXMAG.COM

In the European Union share of energy in food producers' costs rose dramatically

COMMODITIES
ING Economics
According to ING, unemployment rate in Spain, which amounted to 12.7% in Q3, may crawl over 14% in 3Q2024| FXMAG.COM

According to ING, unemployment rate in Spain, which amounted to 12.7% in Q3, may crawl over 14% in 3Q2024

ECONOMY
ING Economics
ECB is expected to hike by 75bp. USD is not that powerful at the moment, and it seems that a less hawkish move may be on the cards| FXMAG.COM

ECB is expected to hike by 75bp. USD is not that powerful at the moment, and it seems that a less hawkish move may be on the cards

FOREX
ING Economics
Weaker US dollar helped commodities. Crude oil exports data may have supported price of black gold| FXMAG.COM

Weaker US dollar helped commodities. Crude oil exports data may have supported price of black gold

COMMODITIES
ING Economics
Asia: South Korean Q3 GDP rose by 0.3%. ING expects a recession at the beginning of 2023| FXMAG.COM

Asia: South Korean Q3 GDP rose by 0.3%. ING expects a recession at the beginning of 2023

ECONOMY
ING Economics
Yesterday S&P 500 decreased by less than a percent, NASDAQ lost more as Meta's (FB) earnings disappoint| FXMAG.COM

Yesterday S&P 500 decreased by less than a percent, NASDAQ lost more as Meta's (FB) earnings disappoint

FOREX
ING Economics
New Italian government led by Giorgia Meloni is officially in charge now| FXMAG.COM

New Italian government led by Giorgia Meloni is officially in charge now

POLITICS
ING Economics
No Repayment Of TLTRO Loans, The ECB Is Facing A Difficult Task| FXMAG.COM

No Repayment Of TLTRO Loans, The ECB Is Facing A Difficult Task

ECONOMY
ING Economics
Natural Gas Prices In West Texas Moved Into Negative Territory | Global Steel Output Rose| FXMAG.COM

Natural Gas Prices In West Texas Moved Into Negative Territory | Global Steel Output Rose

COMMODITIES
ING Economics
South Korean won and Singapore dollar went up yesterday. S&P 500 and Nasdaq increased by 1.63% and 2.25% respectively| FXMAG.COM

South Korean won and Singapore dollar went up yesterday. S&P 500 and Nasdaq increased by 1.63% and 2.25% respectively

STOCKS
ING Economics
In Australia inflation hit 7.3%. ING Economics says it "adds pressure on the RBA".| FXMAG.COM

In Australia inflation hit 7.3%. ING Economics says it "adds pressure on the RBA".

ECONOMY
ING Economics
US dollar putting its foot off the gas for a while can be considered as correction. Canadian dollar may be helped by a 75bp rate hike today| FXMAG.COM

US dollar putting its foot off the gas for a while can be considered as correction. Canadian dollar may be helped by a 75bp rate hike today

FOREX
ING Economics
How is hydrogen produced? Where the production could be the cheapest? Hydrogen market - what does it entail?| FXMAG.COM

How is hydrogen produced? Where the production could be the cheapest? Hydrogen market - what does it entail?

COMMODITIES
ING Economics
National Bank of Hungary didn't change a thing. Interest rate kept at 13%| FXMAG.COM

National Bank of Hungary didn't change a thing. Interest rate kept at 13%

FOREX
ING Economics
For German economy, the war between Russia and Ukraine means more than we could imagine| FXMAG.COM

For German economy, the war between Russia and Ukraine means more than we could imagine

ECONOMY
ING Economics
US 20-City house prices decreased by 1.3% month-on-month| FXMAG.COM

US 20-City house prices decreased by 1.3% month-on-month

REAL ESTATE
ING Economics
Sunak is going to start his reign as PM today, but for UK financial markets coming Friday is crucial as well| FXMAG.COM

Sunak is going to start his reign as PM today, but for UK financial markets coming Friday is crucial as well

FOREX
ING Economics
UK gilts decreased, Standard&Poor 500 went up. Singapore CPI inflation is released today| FXMAG.COM

UK gilts decreased, Standard&Poor 500 went up. Singapore CPI inflation is released today

FOREX
ING Economics
Possible variants for European Central Bank and Eurodollar| FXMAG.COM

Possible variants for European Central Bank and Eurodollar

FOREX
ING Economics
In Hungary real wage growth (Y/Y) reached 0.9%, ING Economics says it may plunge below-the-line in 2023| FXMAG.COM

In Hungary real wage growth (Y/Y) reached 0.9%, ING Economics says it may plunge below-the-line in 2023

ECONOMY
ING Economics
Poland - delayed money inflows from the EU may affect Polish zloty (PLN)| FXMAG.COM

Poland - delayed money inflows from the EU may affect Polish zloty (PLN)

POLITICS
ING Economics
Xi Jinping can have a greater input to the Chinese economics. ING Economics expects Covid restrictions may be less harmful| FXMAG.COM

Xi Jinping can have a greater input to the Chinese economics. ING Economics expects Covid restrictions may be less harmful

FOREX
ING Economics
Eurozone PMI hits 47.1, one point less than the consensus | ING Economics expects two hikes of 50 and 75bp this year| FXMAG.COM

Eurozone PMI hits 47.1, one point less than the consensus | ING Economics expects two hikes of 50 and 75bp this year

FOREX
ING Economics
According to ING Economics, Chinese GDP rose by 3.9% thanks to i.a. the changes in Covid policy | FXMAG.COM

According to ING Economics, Chinese GDP rose by 3.9% thanks to i.a. the changes in Covid policy

FOREX
ING Economics
US Dollar affected by Bank's of Japan intervention and rumours about possible rate hiking slowdown. ING Economics don't see incoming ECB decision as a big one for EUR/USD | FXMAG.COM

US Dollar affected by Bank's of Japan intervention and rumours about possible rate hiking slowdown. ING Economics don't see incoming ECB decision as a big one for EUR/USD

FOREX
ING Economics
The Depreciation Of The Japanese Yen Will Not Cause Any Changes In The Policy Of The Bank Of Japan| FXMAG.COM

The Depreciation Of The Japanese Yen Will Not Cause Any Changes In The Policy Of The Bank Of Japan

FOREX
ING Economics
The Presidential Election In The US In 2024, Will Joe Biden Be Run For It| FXMAG.COM

The Presidential Election In The US In 2024, Will Joe Biden Be Run For It

ECONOMY
ING Economics
The week ahead looks promising. ECB Decides on interest rate, ING Economics expects a 75bp rate hike| FXMAG.COM

The week ahead looks promising. ECB Decides on interest rate, ING Economics expects a 75bp rate hike

FOREX
ING Economics
Next week National Bank of Hungary decides on interest rate, which ING Economics believe to be unchanged| FXMAG.COM

Next week National Bank of Hungary decides on interest rate, which ING Economics believe to be unchanged

ECONOMY
ING Economics
In Poland retail sales increased by over 4%. Gross Domestic Product to grow more than 3%, ING Economics expects| FXMAG.COM

In Poland retail sales increased by over 4%. Gross Domestic Product to grow more than 3%, ING Economics expects

ECONOMY
ING Economics
Poland - contstruction output went up modestly, much less than the consensus| FXMAG.COM

Poland - contstruction output went up modestly, much less than the consensus

ECONOMY
ING Economics
According to ING Economics, National Bank of Hungary may keep the 13% high base rate| FXMAG.COM

According to ING Economics, National Bank of Hungary may keep the 13% high base rate

ECONOMY
ING Economics
Eurozone consumer confidence and Fed members speeches are crucial events today| FXMAG.COM

Eurozone consumer confidence and Fed members speeches are crucial events today

FOREX
ING Economics
UK: According to ING Economics British Pound to USD may reach 1.05 in the remainder of the year. EUR/GBP expected to trade near 0.90| FXMAG.COM

UK: According to ING Economics British Pound to USD may reach 1.05 in the remainder of the year. EUR/GBP expected to trade near 0.90

FOREX
ING Economics
US Dollar Index - ING Economics keeps their forecast. According to them DXY may near 114/115| FXMAG.COM

US Dollar Index - ING Economics keeps their forecast. According to them DXY may near 114/115

FOREX
ING Economics
Standard & Poor 500 Declined By Almost 1%, Nasdaq Went Down By Over 0.5%| FXMAG.COM

Standard & Poor 500 Declined By Almost 1%, Nasdaq Went Down By Over 0.5%

FOREX
ING Economics
In Poland, From The Beginning Of 2023, There Will Be A Very Generous Increase In The Minimum Wage| FXMAG.COM

In Poland, From The Beginning Of 2023, There Will Be A Very Generous Increase In The Minimum Wage

ECONOMY
ING Economics
Further Tightening Is Highly Uncertain And May Be Rather Triggered By Polish Zloty (PLN) Weakness| FXMAG.COM

Further Tightening Is Highly Uncertain And May Be Rather Triggered By Polish Zloty (PLN) Weakness

FOREX
ING Economics
Yesterday, Joe Biden officially announced, that 15MMbbls of crude oil will be released from SPR| FXMAG.COM

Yesterday, Joe Biden officially announced, that 15MMbbls of crude oil will be released from SPR

COMMODITIES
ING Economics
Indonesian Rupiah (IDR): Bank Indonesia Hikes The Rate To 4.75%| FXMAG.COM

Indonesian Rupiah (IDR): Bank Indonesia Hikes The Rate To 4.75%

FOREX
ING Economics
Federal Reserve's Beige Book Delivers Some Positive News About The US Economy, But...| FXMAG.COM

Federal Reserve's Beige Book Delivers Some Positive News About The US Economy, But...

FOREX
ING Economics
USD/JPY Is Near Jumping Over 150.00. According To ING Economics, EUR/USD May Be Trading At 0.92 By The End Of 2022| FXMAG.COM

USD/JPY Is Near Jumping Over 150.00. According To ING Economics, EUR/USD May Be Trading At 0.92 By The End Of 2022

FOREX
ING Economics
ECB Is Said To Hike The Rate By 75bp Next Week, But The Decision Isn't Everything| FXMAG.COM

ECB Is Said To Hike The Rate By 75bp Next Week, But The Decision Isn't Everything

FOREX
ING Economics
US Indices - S&P 500 And Nasdaq Declined 0.67% And 0.85% Respectively. USD Supported| FXMAG.COM

US Indices - S&P 500 And Nasdaq Declined 0.67% And 0.85% Respectively. USD Supported

FOREX
ING Economics
It's Unbelievable That Eurozone Inflation Is That Close To The Level Of 10%| FXMAG.COM

It's Unbelievable That Eurozone Inflation Is That Close To The Level Of 10%

FOREX
ING Economics
UK Inflation Rate: The UK CPI Came At 10.1%, Input PPI Hit 20%, Almost A Percent Less Than In August| FXMAG.COM

UK Inflation Rate: The UK CPI Came At 10.1%, Input PPI Hit 20%, Almost A Percent Less Than In August

FOREX
ING Economics
Metals: Biden Administration May Ban Russian Aluminium, So Does LME| FXMAG.COM

Metals: Biden Administration May Ban Russian Aluminium, So Does LME

COMMODITIES
ING Economics
"Money market spreads are prime candidates for widening when the ECB tightens policy"| FXMAG.COM

"Money market spreads are prime candidates for widening when the ECB tightens policy"

COMMODITIES
ING Economics
The USA May Release 15MMbbls Of Crude Oil And Is Expected To Refill The Reserves When The WTI Reaches Ca. $67-72/bbl| FXMAG.COM

The USA May Release 15MMbbls Of Crude Oil And Is Expected To Refill The Reserves When The WTI Reaches Ca. $67-72/bbl

COMMODITIES
ING Economics
Bank Of England May Hike The Rate By 75bp As The Energy Price Cap Can Lead To Higher Inflation And Longer Recession| FXMAG.COM

Bank Of England May Hike The Rate By 75bp As The Energy Price Cap Can Lead To Higher Inflation And Longer Recession

FOREX
ING Economics
The Peak Of The UK Inflation May Come In October, Says ING Economics| FXMAG.COM

The Peak Of The UK Inflation May Come In October, Says ING Economics

FOREX
ING Economics
Bank Of England Is Facing A Difficult Decision |UK Government Energy Price Guarantee Will Change From Next April| FXMAG.COM

Bank Of England Is Facing A Difficult Decision |UK Government Energy Price Guarantee Will Change From Next April

FOREX
ING Economics
Japan's Total Crude Steel Production Will Decline And India's Sugar Production Will Increase| FXMAG.COM

Japan's Total Crude Steel Production Will Decline And India's Sugar Production Will Increase

FOREX
ING Economics
Mexican Peso (MXN) Positions May Fall Further |  The GBP/USD Pair Is Struggling To Gain Confidence In The Market| FXMAG.COM

Mexican Peso (MXN) Positions May Fall Further | The GBP/USD Pair Is Struggling To Gain Confidence In The Market

FOREX
ING Economics
The 20th Party Congress Is More Important For China Than Publishing Data| FXMAG.COM

The 20th Party Congress Is More Important For China Than Publishing Data

FOREX
ING Economics
The New UK Chancellor Jeremy Hunt Has A Lot Of Options To Choose| FXMAG.COM

The New UK Chancellor Jeremy Hunt Has A Lot Of Options To Choose

FOREX
ING Economics
ING Economics Think Inflation Is Already There In The Eurozone. Q3 GDP May Decline By 0.2%| FXMAG.COM

ING Economics Think Inflation Is Already There In The Eurozone. Q3 GDP May Decline By 0.2%

ECONOMY
ING Economics
Inflation Stabilized In Japan | Another Decision Of The Bank Of Indonesia About Interest Rates Is Ahead| FXMAG.COM

Inflation Stabilized In Japan | Another Decision Of The Bank Of Indonesia About Interest Rates Is Ahead

ECONOMY
ING Economics
The Turkish Central Bank Will Not Make A Move This Month |  The Structure Of Retail Sales In Poland Will Not Change Significantly| FXMAG.COM

The Turkish Central Bank Will Not Make A Move This Month | The Structure Of Retail Sales In Poland Will Not Change Significantly

FOREX
ING Economics