Norges Bank signalled last month that it would cut interest rates later this year, but we expect it to leave policy unchanged next week. It will probably reduce interest rates before year-end, but any...

We expect growth in Latin America to slow next year – in contrast to the consensus and IMF view for growth to stabilise or even pick up in 2026. While the impact of US import tariffs will generally be...

Threats to central bank independence in the emerging world are, thankfully, rare at the moment (Indonesia is one current point of concern though). However, efforts to undermine independence would...

The downside surprise to the PPI in August was driven by a compression of trade margins, reversing their unexpected widening in July, and therefore overstates the softness of producer prices...