Emerging Europe Rapid Response Romania Interest Rate Announcement (Jan.) The National Bank of Romania (NBR) left its policy rate on hold again today, at 6.50%, amid continued concerns about the inflation outlook and the direction of fiscal policy post-election. We think... 15th January 2025 · 2 mins read
Middle East & North Africa Rapid Response Egypt Consumer Prices (Dec. 2024) Egypt’s headline inflation rate slowed from 25.5% y/y in November to 24.1% y/y in December, its slowest pace in two years. With earlier falls in the pound falling out of the annual price comparison... 9th January 2025 · 2 mins read
US Rapid Response Fed worried by potential impact of Trump policy agenda After Chair Jerome Powell made a big fuss about claiming in last November’s press conference that the Fed wouldn’t speculate about what policies the incoming Trump administration will adopt, the... 8th January 2025 · 2 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Jan.) The Bank of Israel (BoI) left its policy rate on hold again today, at 4.50%, but the accompanying communications struck a slightly more dovish tone and we think that it will be in a position to cut... 6th January 2025 · 2 mins read
Emerging Europe Rapid Response Russia Interest Rate Announcement (Dec.) The unexpected decision by Russia’s central bank to leave interest rates on hold at 21.00% today, rather than hike further, sparks a lot of questions about the central bank’s reaction function – and... 20th December 2024 · 2 mins read
UK Economics Update Dovish hold suggests rates will be cut further than markets expect While the Bank of England left interest rates at 4.75% today, it struck a slightly more dovish tone. This supports our view that the next 25 basis points (bps) rate cut will come in February and that... 19th December 2024 · 4 mins read
Emerging Europe Rapid Response Czech Interest Rate Announcement (Dec.) The Czech central bank (CNB) left its policy rate on hold at 4.00% today, but we think that the easing cycle will resume before long. We still expect rates to fall towards 3.00% by the end of next... 19th December 2024 · 1 min read
UK Economics Rapid Response Bank of England Policy Announcement (19th Dec. 2024) While the Bank of England left interest rates at 4.75% today, it struck a slightly more dovish tone. This supports our view that the next 25 basis points (bps) rate cut will come in February and that... 19th December 2024 · 3 mins read
Japan Economics Update BoJ taking its time but will speed up tightening in 2025 The Bank of Japan's decision to leave rates on hold for a third consecutive meeting was not a great surprise. But in the post-meeting press conference Governor Ueda sounded in no hurry at all to... 19th December 2024 · 4 mins read
Europe Economics Update Norges Bank and Riksbank divergence continues The Riksbank’s decision to cut its policy rate by 25bp to 2.5% was widely anticipated and we expect it to cut just one last time next year, by 25bp in March. In contrast, Norges Bank left its policy... 19th December 2024 · 3 mins read
