The Nigerian central bank’s 400bp interest rate hike should help provide respite to the naira and help to curb inflation. But Nigeria will need to shift away from interventionist fiscal and FX short...

Fed Chair Jerome Powell looks set to echo his colleagues in suggesting that rate cuts are likely to begin “later this year” in his testimony to Congress next week. But with the downward trend in core...

The unexpected fall in the ISM manufacturing index in February still leaves it on a gradual upward trend, but the more important news for the Fed is that there is still no sign that a material rebound...

Next week’s ECB meeting looks set to be a fairly predictable one (famous last words…) in which policymakers leave interest rates unchanged and say they want more evidence that inflation is subsiding...