China Data Response Consumer & Producer Prices (Dec.) Consumer price inflation ticked up in December, while producer price deflation eased. There are some early signs that the transition toward living with COVID is starting to put upward pressure on... 12th January 2023 · 3 mins read
Australia & New Zealand Data Response CPI, Retail Sales & Job Vacancies (Nov. 22) While falling job vacancies point to rising unemployment, the resilience in retail sales coupled with stubbornly high inflation will prompt the RBA to press ahead with another 25bp rate hike next... 11th January 2023 · 3 mins read
Australia & New Zealand Rapid Response Australia Inflation & Retail Sales (Nov. 22) 11th January 2023 · 2 mins read
Latin America Data Response Brazil IPCA (Dec. 2022) The higher-than-expected Brazilian inflation reading of 5.8% y/y last month, coming alongside growing fiscal concerns, will give Copom more cause to delay the start of its easing cycle. 10th January 2023 · 2 mins read
Europe Chart Pack Worst case scenarios avoided, but outlook still poor There has been a further slight improvement in prospects for the euro-zone in recent weeks. Business surveys suggest that activity is no longer contracting sharply, headline inflation seems to be past... 10th January 2023 · 11 mins read
Emerging Markets Economics Update A look ahead to EM elections in 2023 In this Update, we take a look at the key elections that are scheduled across the emerging world this year. The most notable ones are in Argentina, Nigeria and Turkey, where opposition victories could... 10th January 2023 · 4 mins read
Middle East & North Africa Rapid Response Egypt Consumer Prices (Dec.) Egypt’s CPI inflation rate jumped from 18.7% y/y in November to 21.3% y/y in December, its fastest pace since the end of 2017. With the pound having weakened even further since the turn of the year... 10th January 2023 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Dec.) The continued strength of core inflation will encourage the Norges Bank to press on with another 25bp interest rate increase next week. While there is still some more upside risk to underlying... 10th January 2023 · 2 mins read
Latin America Data Response Mexico Consumer Prices (Dec.) Mexico’s headline inflation rate was unchanged at 7.8% y/y in December but policymakers at the central bank will have taken comfort from the fact that core price pressures are finally easing. The... 9th January 2023 · 2 mins read
Japan Chart Pack Increasing doubt over Yield Curve Control’s longevity In less than two months, we should know who will replace Bank of Japan Governor Kuroda Haruhiko, whose term ends on 8th April. Whoever replaces him will be under increasing pressure from the... 9th January 2023 · 11 mins read
China Economics Update Reopening’s impact on inflation in China and abroad The shift toward living with COVID will put some upward pressure on prices in China. But the uptick in inflation will not be as large as that seen in many other countries as they emerged from COVID... 9th January 2023 · 6 mins read
Canada Economics Weekly Resilient labour market may force Bank to do more The resilience of the labour market is a risk to our view that the Bank of Canada will pause its tightening cycle after a final 25 bp hike this month, even as the slump in natural gas prices raises... 6th January 2023 · 4 mins read
US Economics Weekly Activity weakening, despite labour market resilience The data this week suggested that the weak global backdrop is being compounded by a deterioration in domestic activity, although the labour market still appears to be in good health. Drop-Ins – The... 6th January 2023 · 6 mins read
Latin America Economics Weekly Lula’s first presidential (mis)steps, Colombian inflation The first speeches and actions by Brazil’s president Lula after his inauguration earlier this week reinforce our view that his presidential term will be characterised by higher public spending and a... 6th January 2023 · 5 mins read
Global Markets Update Despite hawkish ECB, we expect lower E-Z yields While we think the hawkish ECB poses a near-term threat to euro-zone government bonds, we still expect their yields to be lower, in general, by the end of this year. Drop-Ins – The World In 2023 (10... 6th January 2023 · 4 mins read
