Headline CPI inflation fell but this was driven by weather-related volatility in food prices. More important is that core CPI and PPI both continued to pick up, adding to signs that policy stimulus is...

We think Nigeria’s interest rate hiking cycle is over. The CBN is likely to be confident that moderating petrol prices and a more stable naira will quickly see the disinflation process resume. Still...

The EC survey is broadly consistent with euro-zone GDP stagnating in Q4. It also suggests that inflationary pressures remain sticky.

The fall in inflation in December will ease policymakers’ concerns about upside risks to inflation. We had previously been expecting them to wait until March before cutting the policy rate for a last...