Asia Economic Outlook Slower growth, falling inflation and interest rate cuts GDP growth has slowed sharply across most of Emerging Asia since the middle of last year and looks set to remain weak over the coming quarters, as tight monetary policy at home and subdued activity... 22nd June 2023 · 34 mins read
Emerging Europe Economics Update CBRT underwhelms with hike, but policy shift on track The 650bp interest rate hike by Turkey’s central bank today (to 15.0%) will underwhelm investors that wanted a faster and more aggressive monetary tightening. The currency has come under a bit of... 22nd June 2023 · 3 mins read
UK Economics Update BoE bares its teeth, but needs to bite harder The 50 basis point (bps) interest rate rise by the Bank of England today, from 4.50% to a near 15-year high of 5.00%, is unlikely to be the last hike given the UK’s higher and longer lasting inflation... 22nd June 2023 · 4 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Jun.) The further decline in Mexico’s headline inflation to 5.2% y/y in the first half of June will comfort policymakers at Banxico and ensure that interest rates are left on hold at 11.25% later today... 22nd June 2023 · 2 mins read
UK Economics Rapid Response Bank of England Policy Announcement (22nd June) 22nd June 2023 · 2 mins read
Europe Economics Update SNB hikes by 25bp and signals more to come The 25bp rate hike announced by the SNB this morning was smaller than the 50bp hike we had predicted. But the accompanying statement and upward revision to inflation forecasts for 2024 and 2025... 22nd June 2023 · 3 mins read
Europe Economics Update Norges Bank steps up the pace, more hikes to come Today’s 50bp rate hike by the Norges Bank, taking its policy rate to 3.75%, was accompanied by new hawkish guidance and projections. As a result, we have revised up our already above-consensus... 22nd June 2023 · 3 mins read
Latin America Economics Update Brazil: Copom lines up September rate cut The somewhat cautious tone of the statement accompanying yesterday’s Brazilian central bank meeting (at which the Selic rate was left at 13.75%) will disappoint those hoping for an interest rate cut... 22nd June 2023 · 3 mins read
Middle East & North Africa Economic Outlook Oil output cuts driving Gulf slowdown Economic growth across the region will be much weaker this year than last and our forecasts are generally below the consensus. We think regional growth will come in at just 1.4%, one of the weakest... 21st June 2023 · 20 mins read
Europe Economic Outlook Stagflation to drag on, rates near peak We expect the mild recession in the euro-zone to drag on for the rest of the year. The drop-back in energy prices will provide some relief for households and companies but will be partly offset by... 21st June 2023 · 32 mins read
Emerging Europe Rapid Response Czech Interest Rate Announcement (June) The Czech National Bank (CNB) left its main policy rate on hold again today, at 7.00%, and the hawkish nature of the post-meeting communications has prompted us to push back the timing at which we... 21st June 2023 · 2 mins read
