Mexico’s central bank (Banxico) left interest rates unchanged at 7.00% as expected today, and its communications suggested that this marked a pause, not the end of the easing cycle. But the overall...

While the ECB left rates on hold today and put a positive spin on the outlook for the economy, we think its next move is likely be a rate cut, albeit not until much later in the year.

The latest data out of Turkey have reinforced our view that the rebalancing process is becoming more challenging. At the heart of the problem is excessively strong domestic demand and the tension...

Inflation is subdued or falling across Sub-Saharan Africa, a trend which we think has further to run over the course of 2026. Monetary stances are generally tight, which provides policymakers with...