The larger-than-expected fall in South Africa’s headline inflation rate to 2.7% y/y in March will give the Reserve Bank more confidence that its easing cycle can resume. We expect a 25bp reduction to...

April’s euro-zone flash PMIs suggest that the immediate damage to production from US trade policy has been limited so far. But firms reported some front-loading of orders, so output might take a...

The available business surveys show that confidence hasn’t weakened after Liberation Day. However, with price pressures coming off the boil, the Bank of Japan will continue to tighten policy only...