Asia Economics Update Korea: cuts coming sooner than consensus expects The Bank of Korea left interest rates unchanged (at 3.5%) for a second consecutive meeting today, and attempted to push back against expectations of a rate cut this year. But with the economy... 11th April 2023 · 3 mins read
UK Economics Weekly Rate hikes may come sooner rather than later We think the Bank of England may opt to raise interest rates further from 4.25% sooner rather than later. Our central forecast is for interest rates to rise from 4.25% now to a peak of 4.50% and for... 6th April 2023 · 9 mins read
Australia & New Zealand Economics Weekly RBA muddies the waters with pause The RBA's decision to leave rates on hold earlier this week doesn't signal the end of its hiking cycle, contrary to what markets expect. Given ongoing concerns about the stickiness of inflation, we... 6th April 2023 · 5 mins read
India Economics Update RBI unlikely to tighten policy any further The RBI’s decision to keep the repo rate on hold at 6.50% today belied the central bank’s recent hawkish communications. The door remains ajar for hikes in the future but with headline inflation set... 6th April 2023 · 3 mins read
Bank of Canada Watch Still pausing for thought The recent banking turmoil in the US means the Bank of Canada may sound more dovish next week, but the economy’s strong start to the year suggests it is too soon for the Bank to take further interest... 5th April 2023 · 7 mins read
Latin America Economics Update Chile’s central bank: still focused on inflation risks The Monetary Policy Report released by Chile’s central bank today revealed that policymakers are more concerned about inflation risks than we’d thought. We still think that Chile’s central bank will... 5th April 2023 · 3 mins read
Australia & New Zealand Economics Update Hawkish RBNZ will send New Zealand into recession The decision by the Reserve Bank of New Zealand to lift its official cash rate by 50bp, to 5.25%, came as an upside surprise, but we still think the end of the hiking cycle is approaching. In any case... 5th April 2023 · 3 mins read
Asia Economics Update Pakistan: end of the tightening cycle Pakistan’s central bank (SBP) today raised its policy rate by a further 100bps (to 21.0%), but the tone of the statement was less hawkish than after previous meetings. While interest rates will need... 4th April 2023 · 3 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Apr.) 4th April 2023 · 2 mins read
Australia & New Zealand Economics Update RBA will deliver one final rate hike in May The Reserve Bank of Australia kept open the possibility of further tightening when it decided to leave its cash rate unchanged at 3.60% today. As such, we do still expect the RBA to deliver one final... 4th April 2023 · 5 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Apr. 23) 4th April 2023 · 2 mins read
Emerging Europe Economics Update Israel: nearing the end of the tightening cycle Israel’s central bank raised its policy rate by a smaller 25bp, to 4.50%, as expected today and its communications sounded slightly less hawkish than at its previous meeting. Inflation pressures are... 3rd April 2023 · 4 mins read
