The ECB is not going to raise its interest rates next week and policymakers are likely to say they will need to see more evidence of second-round effects on inflation before doing do. We think the...

Higher gasoline prices will weigh moderately on consumption, but there are signs that investment will broaden out beyond AI-related spending. We expect GDP growth to average 2.2% this year and next...

The small fall in Mexican inflation, to 4.5% y/y, in the first half of April was driven by easing underlying price pressures and will be welcomed by the central bank. That’s increased the likelihood...