Africa Economics Update SARB cautiously cuts by 25bp The South African Reserve Bank finally joined the EM easing cycle today, lowering its repo rate by 25bp to 8.00%. While the MPC clearly has some lingering concerns about the inflation outlook, we... 19th September 2024 · 3 mins read
Middle East & North Africa Economics Weekly Egypt-PIF investment, monetary policy in MENA The announcement that Saudi Arabia’s Public Investment Fund will invest $5bn into Egypt’s economy is a further sign that the weaker pound has made Egyptian assets more attractive and will help to put... 19th September 2024 · 7 mins read
Latin America Economic Outlook Sluggish growth but stubborn inflation Tight policy and deteriorating terms of trade will keep growth across Latin America subdued and we think that the region will underperform other parts of the emerging world – as well as consensus... 19th September 2024 · 19 mins read
Middle East & North Africa Economic Outlook Gulf’s non-oil sectors set for a slowdown Headline GDP growth in the Gulf economies will strengthen sharply in 2025 as oil output cuts are unwound. But lower oil prices will prompt a turn to fiscal consolidation in most of the Gulf, causing... 19th September 2024 · 20 mins read
US Chart Pack US Chart Pack (Sep. 2024) After kicking off its loosening cycle with a 50bp cut, we suspect the Fed will now revert to 25bp moves until the fed funds target range reaches 3.00% to 3.25% in mid-2025. Looser monetary policy... 19th September 2024 · 1 min read
Africa Data Response S. Africa Interest Rate Announcement (Sep.'24) 19th September 2024 · 2 mins read
Europe Economic Outlook Economy slowing again The euro-zone appears to have lost some momentum and is likely to remain sluggish in the coming quarters. The core economies are the weakest, led by Germany which is probably in another technical... 18th September 2024 · 28 mins read
India Economic Outlook Rate cuts on the horizon The economy is cooling but remains primed to grow by 6-6.5% per year between 2024 and 2026, which would put India on course to become the world’s third-largest economy in the next couple of years... 18th September 2024 · 16 mins read
Africa Data Response South Africa Consumer Prices (Aug' 24.) The dip in South Africa’s headline inflation rate, to 4.4% y/y, in August and the further decline in core inflation all but seals the deal on the SARB start an easing cycle tomorrow. We have pencilled... 18th September 2024 · 2 mins read
UK Economics Rapid Response UK Consumer Prices (Aug. 2024) CPI inflation stayed at 2.2% in August (consensus & CE 2.2%, BoE 2.4%), but the rise in services inflation from 5.2% to 5.6% suggests the Bank of England will probably press the pause button on... 18th September 2024 · 3 mins read
Emerging Europe Economic Outlook Inflation and fiscal risks simmering We have generally revised down our growth forecasts for this year and next. Weakness in the euro-zone will remain a drag on export sectors across Central and Eastern Europe in the coming quarters... 17th September 2024 · 22 mins read
Canada Rapid Response Canada Consumer Prices (Aug. 2024) The return of headline inflation to the 2.0% target in August was mainly due to favourable base effects and is likely to be short-lived, with inflation rebounding to as high as 2.5% by the turn of the... 17th September 2024 · 2 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (September 2024) EM recoveries are beginning to slow and will continue to do so over the coming quarters. Within this there will be regional variation, with Asia the outperformer and Latin America the laggard... 17th September 2024 · 1 min read
