Africa Chart Pack Africa Chart Pack (Feb. 2024) Economic growth in Sub-Saharan Africa is likely to pick up in 2024 as the external backdrop turns more favourable and, in some places, the drag from high inflation fades. Even so, tight fiscal and... 28th February 2024 · 0 mins read
Europe Economics Update Swiss disinflation largely complete, rate cuts incoming The disinflation story is largely over in Switzerland, and rising rent inflation may actually cause headline inflation to increase in the summer. However, this will not stop the SNB from cutting its... 28th February 2024 · 4 mins read
Emerging Europe Rapid Response Economic Sentiment Indicators (Feb.) The European Commission's Economic Sentiment Indicators for Central and Eastern Europe (CEE) generally fell in February, but still point to regional GDP growth strengthening in Q1. 28th February 2024 · 2 mins read
Australia & New Zealand Economics Update RBNZ’s tightening bias is on borrowed time The Reserve Bank of New Zealand handed down another hawkish hold at its meeting today. However, with inflation on track to return to its 1-3% target by mid-year, we still expect the Bank to start... 28th February 2024 · 3 mins read
Australia & New Zealand Rapid Response Australia Monthly CPI Indicator (Jan. 24) 28th February 2024 · 2 mins read
Africa Rapid Response Nigeria Interest Rate Announcement (Feb.) After a seven-month hiatus, the Central Bank of Nigeria’s (new-look) Monetary Policy Committee stepped up to the plate and hiked interest rates by 400bp, to 22.75%, as it showed greater appetite to... 27th February 2024 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (February 2024) The breakdown of Brazil’s February mid-month inflation reading of 4.5% y/y showed that core services inflation remained elevated. And while further 50bp cuts in the Selic rate next month (to 10.75%)... 27th February 2024 · 2 mins read
Africa Economics Update SA: assessing the implications of a lower inflation target South Africa’s Deputy Finance Minister David Masondo has today said that an announcement will be made “very soon” regarding the country’s inflation-targeting regime, suggesting that a lowering of the... 27th February 2024 · 6 mins read
Global Economics Update Is China exporting deflation? Deflation in China has added to disinflationary forces in the advanced economies as its export prices have fallen sharply. The direct impact has not been huge, accounting for only a small fraction of... 26th February 2024 · 4 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Feb. 2024) Our Middle East and North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. Economic growth in the Middle East and North Africa will strengthen a little... 26th February 2024 · 1 min read
Africa Economics Weekly South Africa Budget, SARB new MPC member South Africa’s finance minister recommitted to fiscal restraint in this week’s Budget, but fiscal pressures before and after May’s election are likely to derail the plans. The debt-to-GDP ratio will... 23rd February 2024 · 7 mins read
Emerging Europe Economics Weekly CEE wage growth still hot, new Russia sanctions The latest wage data released out of Poland and Hungary this week showed that labour cost pressures have remained very strong in parts of Central and Eastern Europe (CEE). So despite another slew of... 23rd February 2024 · 9 mins read
Canada Economics Weekly April back in play for first interest rate cut The encouraging January CPI data mean that the Bank of Canada’s April policy meeting is back in play for a potential interest rate cut, although it still seems more likely that the Bank will wait... 23rd February 2024 · 5 mins read
