The larger-than-expected rise in Mexico’s headline inflation rate in the first half of May, to 4.2% y/y, was driven in large part by non-core components and is unlikely to sway Banxico’s thinking...

Despite the modest rebound in the composite activity PMI in May, at face value it is consistent with the bumper 0.7% q/q rise in GDP in Q1 being followed by a 0.2% q/q fall in Q2. But signs of some...

The ongoing weakness in activity, coupled with softer price pressures, will keep the Bank of Japan in wait and watch mode in the near term.

The step-down in business activity this month, combined with signs of easing price pressures, supports our view that the RBA’s easing cycle has further to run.