Emerging Europe Chart Pack

Emerging Europe Chart Pack (Jul. 2024)

Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data out of Emerging Europe suggest that economic growth in Central Europe...

18th July 2024 · 1 min read

Event

ANZ Drop-In: Could Q2 inflation push the RBA to hike again?

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DM central banks may not be done raising rates – a too-hot Australian Q2 inflation report on 31st July could push the RBA to hike at its meeting

Asia Rapid Response

Indonesia Policy Rate (July 2024)

Bank Indonesia today left its policy rate unchanged at 6.25%, but the central bank’s dovish commentary supports our view that rates will be cut in Q4. Today’s decision was correctly predicted by all...

17th July 2024 · 2 mins read

UK Economics Rapid Response

UK Consumer Prices (Jun. 2024)

CPI inflation stayed in line with the 2.0% target in June – exactly where the Bank of England thought it would be (consensus and CE forecasts 1.9%) – but the composition of inflation remains a problem...

17th July 2024 · 3 mins read

Australia & New Zealand Rapid Response

New Zealand Consumer Prices (Q2 2024)

Today’s CPI release confirms that inflation is all but certain to return to the RBNZ’s 1-3% target by Q3. In the context of an extremely weak economy and a rapidly loosening labour market, there is a...

16th July 2024 · 2 mins read

Canada Rapid Response

Canada Consumer Prices (Jun. 2024)

The Bank of Canada’s preferred CPI-trim and CPI-median measures of core prices rose at an above-target monthly pace for the second month running in June. Nonetheless, with the Bank’s Business Outlook...

16th July 2024 · 2 mins read

India Economics Update

New forecasts for inflation and policy rates

The upside surprise to headline consumer price inflation last month has all but ended hopes of a rate cut at the RBI’s August policy meeting. But we think that the conditions will be in place for...

16th July 2024 · 3 mins read

Middle East & North Africa Rapid Response

Saudi Arabia Consumer Prices (June 2024)

Saudi Arabia’s headline inflation rate edged slightly down to a six-month low of 1.5% y/y in June and, while we expect a small increase in the headline rate during Q3, the bigger picture remains that...

16th July 2024 · 2 mins read

Canada Economics Update

Bank surveys show need for looser policy

The Bank of Canada’s business and consumer surveys point to weak GDP growth, show that firms’ wage expectations are now lower than their pre-pandemic peak, and suggest that consumers are increasingly...

15th July 2024 · 3 mins read

Africa Data Response

Nigeria Consumer Prices (Jun.)

Nigeria’s headline inflation rate edged up to 34.2% y/y in June on the back of the pass-through from previous naira falls. But we think this marks the peak and inflation should start to decline. If...

15th July 2024 · 2 mins read

Global Economics Chart Pack

Global Economics Chart Pack (July 2024)

Our Global Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data point to some divergence in GDP growth in major economies in Q2. On the...

15th July 2024 · 0 mins read

Australia & New Zealand Chart Pack

Australia & New Zealand Chart Pack (Jul 2024)

The latest data indicate that capacity pressures have continued to ease, a trend that should continue over the coming quarters. However, it will be a while before policymakers can be confident that...

15th July 2024 · 1 min read

Africa Economics Weekly

Nigeria rate cuts, Kenya instability, Ghana inflation

Nigeria’s central bank governor this week hinted that rate cuts may soon be on the cards but there are still upside inflation risks on the horizon that could scupper those plans. Meanwhile, Kenyan...

12th July 2024 · 7 mins read

US Economics Weekly

Core inflation pressures rapidly easing

Chair Jerome Powell told Congress this week that the Fed is looking for “more good data” to strengthen its confidence that inflation will return to 2%. That is exactly what the June CPI and PPI...

12th July 2024 · 7 mins read

Global Economics Update

What explains the stickiness of services inflation?

Disinflation in the services sector seems to have stalled in several advanced economies this year. That’s partly because the easiest wins related to food and energy effects are behind us and also...

12th July 2024 · 4 mins read