Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

Calm Before the Currency War? Central Banks Go Their Separate Ways

Tariffs Create New Central Bank Agendas, While Bank of Japan Faces Fiscal Policy Nightmare

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Since the start of conflict in the Middle East, the largest revision of central bank conduct for 2026 has been in the United Kingdom. ECB and BoJ outlooks are nuanced.</li>
<li>Measures aimed to gradually reduce the Fed's balance sheet by lowering banks' necessity to maintain high liquidity buffers are likely to be announced later this year.</li>
<li>The PBoC aims to support domestic demand by keeping policy settings moderately loose. Higher oil prices will reduce deflationary forces in the economy but will not prevent easier monetary policy.</li>
</ul>


Since the start of conflict in the Middle East, the largest revision of central bank conduct for 2026 has been in the United Kingdom. ECB and BoJ outlooks are nuanced.
Measures aimed to gradually reduce the Fed's balance sheet by lowering banks' necessity to maintain high liquidity buffers are likely to be announced later this year.
The PBoC aims to support domestic demand by keeping policy settings moderately loose. Higher oil prices will reduce deflationary forces in the economy but will not prevent easier monetary policy.


中央銀行の政策見通し改訂：英国が最大の打撃を受ける