The raft of April inflation figures released this week showed a more marked decline in core price pressures. That being said, we don’t think inflation (or interest rates) will fall as far as many...

It’s been a week to forget for South Africa, in which fears emerged that the improvement in the public finances is stalling and concerns about (even more) intense loadshedding surfaced. That was...

The sharp drop in headline consumer price inflation in April, to an 18-month low, supports our view that the central bank’s tightening cycle has come to an end.

The sharp fall in Brazilian inflation, to 4.2% y/y last month, was encouragingly broad based among the sub-categories of the CPI basket. But we think the central bank will want to see more evidence...