Middle East & North Africa Rapid Response Egypt Interest Rate Announcement (Feb. ’25) The Central Bank of Egypt (CBE) left its overnight deposit rate unchanged at 27.25% today but, with inflation set to slow sharply over the next couple of months, we think policymakers will start the... 20th February 2025 · 2 mins read
US Rapid Response US Fed FOMC Minutes (Jan 28th-29th) The minutes of the Fed’s late-January policy meeting underline that, having cut rates by a cumulative 100bp, officials are in no hurry to resume loosening monetary policy, even though most still... 19th February 2025 · 2 mins read
Australia & New Zealand Economics Update RBNZ to cut further than most expect Having handed down a third consecutive 50bp rate cut at its meeting today, the Reserve Bank of New Zealand is likely to slow the pace of easing going forward. That said, we still think there’s a... 19th February 2025 · 3 mins read
Australia & New Zealand Economics Update RBA signals a slow pace of policy normalisation When the Reserve Bank of Australia handed down its inaugural 25bp cut today, it indicated that any further withdrawal of monetary restriction would be limited, given residual inflationary pressures... 18th February 2025 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Feb. 2025) 18th February 2025 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Feb.) The National Bank of Romania (NBR) left its policy rate on hold again today, at 6.50%, and we think there is limited scope for interest rate cuts this year. Our forecast for the policy rate to end the... 14th February 2025 · 2 mins read
Emerging Europe Rapid Response Russia Interest Rate Announcement (Feb.) The decision by the Central Bank of Russia (CBR) to leave interest rates on hold at 21.00% today was widely expected, and the hawkish communications suggest that policymakers are not going to bend to... 14th February 2025 · 2 mins read
RBNZ Watch RBNZ Watch: RBNZ has several more cuts in the pipeline The Reserve Bank of New Zealand will almost certainly cut rates by 50bp, to 3.75%, at its meeting on 19th February. Although the Bank is likely to revert to 25bp cuts thereafter, we think it has much... 12th February 2025 · 6 mins read
RBA Watch RBA Watch: RBA will cut rates by only 75bp this cycle We expect the Reserve Bank of Australia to cut rates by 25bp, to 4.10%, at its meeting on 18th February. Although the labour market remains resilient and there are tentative signs of a pickup in... 11th February 2025 · 8 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Feb.) Mexico’s central bank stepped up the pace of monetary easing to 50bp at today’s meeting, lowering the policy rate to 9.50%, and the overall communications were dovish. While a tariff-induced drop in... 6th February 2025 · 2 mins read
Capital Daily Gilt yields likely to fall and weigh on the pound We expect the Bank of England to cut faster and further than investors expect, pushing Gilt yields down and in turn weighing on the pound. 6th February 2025 · 5 mins read
UK Economics Update Rising chance of BoE rates falling quicker to 3.50% and further While cutting interest rates from 4.75% to 4.50% today, which was the third 25 basis point (bps) cut in seven months, the Bank of England showed some signs that it may cut rates faster and further... 6th February 2025 · 4 mins read
Emerging Europe Rapid Response Czech Interest Rate Announcement (Feb.) The Czech National Bank (CNB) cut its policy rate by 25bp today, to 3.75%, and we think that further easing lies in store this year. Our forecast for the policy rate to fall to 3.00% by end-2025 would... 6th February 2025 · 2 mins read
UK Economics Rapid Response Bank of England Policy Announcement (6th Feb 2025) While cutting interest rates from 4.75% to 4.50% today, which was the third 25 basis point (bps) cut in seven months, the Bank of England showed some signs that it may cut rates faster and further... 6th February 2025 · 3 mins read
Emerging Europe Rapid Response Poland Interest Rate Announcement (Feb.) The National Bank of Poland left its policy rate on hold again today, at 5.75%, and we think that interest rates will remain on hold throughout 2025. That’s a more hawkish forecast than the consensus... 5th February 2025 · 2 mins read
