According to Azad Zangana, Economist at Schroders, for the European Central Bank (ECB), the faster than expected rise in inflation is unlikely to change its outlook or path of monetary stimulus. The ECB always had a more optimistic forecast than the consensus, and so will not be overly surprised that growth and inflation are improving...

Keith Wade, Chief Economist & Strategist at Schroders, still believe that rates need to rise as the economy is getting back to normal with unemployment near equilibrium and credit growth resuming. However, the Fed is clearly happy to be cautious and keep the liquidity flowing for a little longer...

India's Union Budget, announced on the 28th February, broadly delivered what markets were looking for, but will have disappointed some expectations.

According to Azad Zangana, Europe Economist at Schroders, the ECB's QE programme will benefit the Eurozone economy by reducing the risk of deflation; however, it is not a panacea for the monetary union's ills. Deep structural reforms are required in order to raise Europe's potential trend growth. Without structural reforms, the ECB may be forced to add additional stimulus in the future as growth falters again.

According to Craig Botham, Economist, Emerging Markets at Schroders, China's economy expanded 7.3% in the final quarter of last year, beating expectations and recording a 7.4% expansion for the year as a whole, but failing to meet the government's 7.5% target....