Latin America Economics Weekly Latin America Weekly: In the tariff crosshairs Parts of Latin America have been in President Trump’s firing line over the past week. While there’s uncertainty over exactly what tariffs Mexico could face (if they are imposed tomorrow, as Trump has... 31st January 2025 · 6 mins read
Europe Economics Weekly Europe Weekly: Weak growth, signs inflation easing, estimating r* A deluge of data this week has underlined how weak economic activity is in the euro-zone but offers some hope that core inflation may be easing. Meanwhile, we do not expect the ECB’s new analysis of... 31st January 2025 · 9 mins read
US Rapid Response US Personal Income & Spending (Dec) December’s personal income and spending report brought news of another strong gain in real consumption, but with price pressures muted. 31st January 2025 · 2 mins read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Jan. 2025) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. Economies in Eastern Europe picked up a bit of momentum at the end of 2024, but we don’t... 31st January 2025 · 1 min read
China Chart Pack China Chart Pack (Jan. 25) Our China Chart Pack has been updated with the latest data and our analysis of recent developments. The economy should accelerate over the near-term, driven by consumption-boosting policy support. But... 31st January 2025 · 1 min read
Europe Rapid Response Germany states, France, Spain Flash HICP (Jan. 2025) 31st January 2025 · 2 mins read
Japan Economics Weekly Structural labour shortages point to more rate hikes The Tokyo CPI suggests that the Bank of Japan’s Board will need to revise up their inflation forecasts yet again at the May meeting. And with the expansion in employment running on fumes as the... 31st January 2025 · 5 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: RBA will start cutting rates in February With Australia's underlying inflation surprising materially to the downside in Q4, we've brought forward our forecast for the RBA's first rate cut from May to February. The data clearly show that... 31st January 2025 · 5 mins read
Japan Rapid Response Japan Activity & Labour Market (Dec. 24) & Tokyo CPI (Jan. 25) The end-month data rush vindicates the Bank’s decision to lift its policy rate last week and suggests that further tightening over the coming months is likely. 31st January 2025 · 2 mins read
Europe Economics Update EC survey points to stagnation and risks to inflation January’s EC survey points to continued weak GDP growth at best. While it also suggests that there are some upside risks to inflation in the near term, firms’ employment expectations and labour... 30th January 2025 · 3 mins read
Europe Economics Update ECB has much further to go It’s clear that after cutting its deposit rate from 3% to 2.75% today, the ECB expects to reduce rates further in the coming months. We think that weak growth and inflation will mean that the Bank has... 30th January 2025 · 3 mins read
Africa Economics Update SARB hawkishly cuts by 25bp The South African Reserve Bank decision to cut its repo rate by 25bp, to 7.50%, was widely expected but Governor Kganyago was more hawkish than anticipated, citing concern about US tariff threats and... 30th January 2025 · 3 mins read
Europe Rapid Response ECB Policy Announcement (January 2024) The ECB’s decision to cut its deposit rate from 3% to 2.75% today came as no surprise and the accompanying statement implies that more cuts are coming, as is widely anticipated. We think the Bank will... 30th January 2025 · 2 mins read
Africa Chart Pack Africa Chart Pack (Jan. 2025) Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa this year. A shift towards trade protectionism in the US will hurt certain sectors in some... 30th January 2025 · 0 mins read
Global Inflation Watch Global Inflation Watch: Tariff shock to drive US-Europe inflation divergence Inflation has proved somewhat stickier than we had anticipated, but the outlook of lacklustre growth, softening labour markets, normalising supply conditions and falling energy costs is consistent... 29th January 2025 · 18 mins read
RBI Watch RBI Watch: New governor, new direction for monetary policy The announcement of large liquidity injections into the banking sector demonstrates how the priorities of the RBI – led by new Governor Sanjay Malhotra – have shifted from containing inflation to... 29th January 2025 · 6 mins read
