Latin America Rapid Response Brazil IPCA-15 (Nov. 2024) The rise in Brazil’s headline inflation rate, to 4.8% y/y, in the first half of November was partly driven by a further increase in underlying core services inflation and means that Copom is likely to... 26th November 2024 · 3 mins read
India Chart Pack India Chart Pack (November 2024) The latest activity data have brought further evidence that India’s economy is going through a soft patch. But given the strength of the recent inflation data, we now expect the RBI to keep rates on... 25th November 2024 · 1 min read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Nov.) 25th November 2024 · 2 mins read
Latin America Chart Pack Latin America Chart Pack (November 2024) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Currencies across Latin American have held up relatively well in the wake of the... 25th November 2024 · 1 min read
Africa Economics Weekly SARB rate cuts, Nigeria’s optimistic budget The South African Reserve Bank (SARB) struck an optimistic tone when it cut its repo rate by 25bp to 7.75% this week and we expect more easing from here. But a potential lowering of the inflation... 22nd November 2024 · 7 mins read
Canada Economics Weekly Bank likely to revert to 25bp cuts The recent stronger price and activity data, along with the announcement this week of a sales-tax break over the festive period and stimulus cheques to come next year, means we now think the Bank of... 22nd November 2024 · 5 mins read
Global Economics Update PMIs point to weaker growth in most DMs The latest flash PMIs suggest that while industry continues to struggle across advanced economies, services activity is now slowing in Europe too. While reduced political uncertainty seems to have... 22nd November 2024 · 2 mins read
UK Economics Weekly Will weak activity prompt the BoE to cut rates faster? While the rebound in CPI inflation in October strengthens the case for caution at the Bank of England, the worrying news on activity recently may mean some Monetary Policy Committee members reconsider... 22nd November 2024 · 4 mins read
Europe Economics Weekly Revised bond yield forecasts, Trump and the SNB Our new bond yield forecasts show US and German bond yields diverging slightly over the coming year as monetary policy is loosened more aggressively in Europe. Meanwhile, we think a universal US... 22nd November 2024 · 8 mins read
Emerging Europe Economics Weekly Russia-Ukraine escalation, CBRT rate cut approaching? Tensions between Russia and Ukraine escalated this week, with Ukraine using Western-provided long-range weapons on Russian territory and Russia launching an “experimental” ballistic missile against... 22nd November 2024 · 8 mins read
India Economics Weekly Air pollution, friendshoring, Governor Das to stay? Air quality levels in India have been among the worst on record this week and the country's reliance on coal suggests that this will remain an economic headwind for a long time to come. Otherwise... 22nd November 2024 · 4 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Nov. 2024) The larger-than-expected fall in Mexican inflation in the first half of November, to 4.6% y/y, alongside easing core price pressures and the relative resilience in the peso mean that Banxico is likely... 22nd November 2024 · 2 mins read
Japan Economics Weekly Upcoming Shunto will result in bigger pay hikes The stars are aligning for our long-held view that the Bank of Japan will hike rates again by year-end. And with a recent survey of Japanese firms pointing to even bigger pay hikes in next year's... 22nd November 2024 · 5 mins read
Australia & New Zealand Economics Weekly Stillborn student cap adds to inflationary pressure The government's planned caps on foreign students won't see the light of the day because the Senate won't approve them. While foreign student commencement will still fall over the coming year, the... 22nd November 2024 · 5 mins read
Africa Economics Update SARB more optimistic that inflation is under control The South African Reserve Bank’s decision to lower its repo rate by 25bp to 7.75% was not a surprise and Governor Kganyago sounded more optimistic that inflation is under control. Lingering concerns... 21st November 2024 · 3 mins read
