India Chart Pack India Chart Pack (Apr. 2024) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. India has been the star performer among major EMs over the past several quarters and the latest data... 24th April 2024 · 1 min read
US Fed Watch Cuts delayed rather than cancelled The recent run of stronger inflation and activity data has unsurprisingly shaken the Fed’s confidence that inflation is on track to return to the 2% target. In that environment, we expect the May FOMC... 24th April 2024 · 5 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Apr. 2024) The rise in Mexico’s headline inflation rate to 4.6% y/y in the first half of April, coming alongside the delay to rate cuts in the US (and fall in the peso), mean that Banxico is all but certain to... 24th April 2024 · 2 mins read
Latin America Chart Pack Latin America Chart Pack (Apr. 2024) Our Latin America Chart Pack has been updated with the latest data and our analysis of recent developments. Activity in the region picked up in Q1 and we expect this to continue in the coming quarters... 24th April 2024 · 1 min read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Apr. 2024) The escalation of the conflict between Israel and Iran has largely been shrugged off by the oil market and risk premia in the Gulf remain low. Even so, growth will remain weak in the Gulf this year... 24th April 2024 · 1 min read
Africa Economics Update Nigeria: A slower economy risks turning MPC doveish The Central Bank of Nigeria’s (CBN) monetary policy reforms have injected a welcome dose of momentum back into the country’s policy shift. But the minutes to the latest MPC meetings also suggest that... 24th April 2024 · 4 mins read
Asia Economics Update Indonesia: surprise hike, but no further tightening likely In a surprise move, Bank Indonesia (BI) today hiked its main policy rate by 25bps (to 6.25%) and made clear that supporting the currency would remain its key priority over the coming months. But there... 24th April 2024 · 2 mins read
Japan Chart Pack Japan Chart Pack (Apr. 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. (Please ignore the previous email which linked to the February Chart Pack) The latest activity data... 24th April 2024 · 1 min read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q1 2024) With price pressures proving inordinately resilient, there is little scope for the Reserve Bank of Australia to start loosening policy in the near future. 24th April 2024 · 2 mins read
Capital Daily European corporate bond yields could fall further We expect corporate bond yields in the UK and euro-zone to fall as rate cuts in those economies push down risk-free rates and strong risk sentiment narrows spreads further. 23rd April 2024 · 4 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Apr.) The communications accompanying the decision by the Hungarian central bank (MNB) to opt for a smaller 50bp cut to its base rate today, to 7.75%, provides support to our view that its monetary easing... 23rd April 2024 · 2 mins read
China Economics Update China trip notes – sentiment still depressed A week spent visiting clients, contacts and friends in Beijing and Shanghai has underlined the extent of the pessimistic shift in sentiment within China. 23rd April 2024 · 5 mins read
Asia Economics Update Time to worry about inflation (again)? Recent currency falls and higher oil prices are unlikely to put significant upward pressure on consumer prices across Asia. We continue to expect inflation in the region to remain low over the coming... 22nd April 2024 · 2 mins read
