The jump in inflation in Brazil to 4.4% y/y in the first half of April shouldn’t prevent Copom from cutting its policy rate by another 25bp, to 14.50%, at tomorrow’s meeting.

Extreme heat is now compounding the challenges of rising fertiliser prices and deficient monsoon rains to undermine yields in Indian agriculture. Industry and services could be hit too; a surge in...

The ECB’s Q1 Bank Lending Survey (BLS) suggests that the negative effects of higher energy prices on economic activity in the euro-zone could be bigger than we have assumed. At the same time, the jump...

The Politburo has just held its triannual gathering to discuss the economy. The post-meeting communique suggests the leadership has turned more positive on current conditions and sees less of a case...