India Economics Weekly Current account deficit to widen further India’s current account recorded its largest deficit in three years in Q2 and it will remain wide by recent standards over the coming quarters, which will keep the rupee on the back foot. Meanwhile... 30th September 2022 · 5 mins read
Latin America Economics Update Banxico and BanRep to remain in hawkish mood Central banks in Mexico and Colombia delivered further large interest rates hikes yesterday, of 75bp and 100bp respectively, and the backdrop of strong inflation pressures and tighter external... 30th September 2022 · 3 mins read
India Economics Update RBI frontloads again but pace of tightening set to slow The RBI hiked the repo rate by another 50bp (to 5.90%) today and the communications give a clear steer that the tightening cycle still has further to run. But with inflation set to slow, we think the... 30th September 2022 · 3 mins read
Capital Daily What to make of the “Bailey put” The Bank of England’s extraordinary intervention in the Gilt market yesterday highlights the increasingly difficult trade-offs facing central banks, and their problematic implications for financial... 29th September 2022 · 8 mins read
DM Markets Chart Pack A big further rally in Gilts this year seems unlikely to us While the Bank of England’s temporary U-turn on its balance sheet has caused Gilts to rally strongly, we suspect their yields will remain high for some time yet. 29th September 2022 · 9 mins read
UK Markets Chart Pack Markets at risk of more government-induced turmoil The Bank of England appears to have prevented the financial market fallout from the loose fiscal plans revealed in the Chancellor’s mini-budget from escalating into a full financial crisis. Since it... 29th September 2022 · 10 mins read
Emerging Europe Economics Update CEE: monetary tightening now biting hard Higher interest rates are already having an impact in CEE and a large part of the tightening of monetary conditions has yet to feed through. This will add to the headwinds facing growth in the coming... 29th September 2022 · 5 mins read
Middle East & North Africa Economics Weekly OPEC+, Lebanon re-pegging, Morocco rates, MbS to PM Reports suggest that OPEC+ is weighing up a cut to output quotas for the second meeting in a row next week, presenting a downside risk to our above-consensus GDP growth forecasts in the Gulf... 29th September 2022 · 6 mins read
Africa Chart Pack African central banks stepping up to the plate Just like their peers in advanced economies, monetary policymakers across Sub-Saharan Africa have turned more hawkish recently. Central banks in South Africa and Nigeria hiked interest rates... 29th September 2022 · 12 mins read
Emerging Europe Rapid Response Czech Interest Rate Announcement (Sep.) 29th September 2022 · 2 mins read
Asia Economics Update Falls in rupiah put pressure on BI to tighten further Bank Indonesia (BI) has been stepping up its efforts to support the rupiah in recent weeks, and we think further FX intervention and interest rate hikes are likely over the coming months as the... 29th September 2022 · 3 mins read
Global Economics Update European households’ costs to soar despite fiscal aid The sharp increases in gas and electricity prices in Europe mean that households there – particularly in Germany and Italy – will see a steep rise in their costs of energy consumption. Accordingly... 28th September 2022 · 7 mins read
Capital Daily US equities don’t seem to be factoring in a gloomier economy The plunge in the stock market in the US that has accompanied the recent ratcheting up of rate expectations there has been partly blamed on concerns that more aggressive Fed tightening is undermining... 28th September 2022 · 6 mins read
UK Economics Rapid Response BoE response to soaring gilt yields (28th Sep.) 28th September 2022 · 2 mins read
Asia Economics Update Bank of Thailand needs to accelerate pace of tightening The Bank of Thailand hiked interest rates today by a further 25bp (to 1.0%) and appears committed to raising interest rates gradually over the coming months. But with inflation elevated and the... 28th September 2022 · 3 mins read
