Our base case is that the recent bout of weakness in the US dollar will reverse. If it remains at its current level, the direct macro impact is likely to be small for most countries, especially...

The euro’s recent appreciation will reduce euro-zone inflation by a trivial amount, so for now the ECB is likely to do nothing to prevent it other than perhaps the mildest form of verbal intervention...

The ongoing persistence in underlying inflation will persuade the Reserve Bank of Australia to reverse course on rate cuts. We expect the Bank to raise rates by 25bp at its meeting next week, followed...

The sharper-than-expected rise in underlying inflation makes it all but certain that the Reserve Bank of Australia will raise interest rates at its meeting next week.