Latin America Economic Outlook Inflation and interest rates peaking Latin America is running into a growing set of headwinds, from the global recession to lower commodity prices to tight policy at home. We expect recessions in Chile and Argentina, and our growth... 19th October 2022 · 26 mins read
Canada Data Response Consumer Prices (Sep.) The Bank’s core CPI inflation measures were unchanged in September but, as we expected a decline due to more favourable base effects, that increases the odds of another 75bp interest rate hike next... 19th October 2022 · 3 mins read
India Chart Pack Tide is turning within the MPC The RBI continued frontloading policy tightening in its late-September meeting with another 50bp hike to the repo rate (to 5.90%) but communications since then suggest that some MPC members are ready... 19th October 2022 · 8 mins read
Europe Data Response Euro-zone Final HICP (September) Final inflation data for September confirm that price pressures are very strong and broad-based. While headline inflation should fall next year as energy and food inflation drop back, the core rate is... 19th October 2022 · 2 mins read
Africa Data Response South Africa Consumer Prices (Sep.) While South Africa’s headline rate edged down to 7.5% y/y in September, the surprising strength of core inflation will push policymakers to deliver another 75bp hike in the benchmark interest rate, to... 19th October 2022 · 2 mins read
UK Data Response Consumer Prices (Sep.) The further strengthening in domestic price pressures despite the clear weakening in the economic outlook supports our view that the Bank of England will raise interest rates by 100 basis points, from... 19th October 2022 · 3 mins read
Australia & New Zealand Data Response Consumer Prices (Q3 2022) The much stronger than expected rise in consumer prices in Q3 will encourage the Reserve Bank of New Zealand to hike rates by another 50bp at its November meeting and poses upside risks to our view... 17th October 2022 · 2 mins read
Australia & New Zealand Rapid Response New Zealand Consumer Prices (Q3 22) 17th October 2022 · 2 mins read
Canada Data Response Business Outlook & Consumer Expect. Surveys (Q3) The Bank of Canada’s quarterly surveys offer some evidence that aggressive policy tightening is having the intended effects, with widespread fears of recession leading to a moderation in wage... 17th October 2022 · 4 mins read
Africa Data Response Nigeria Consumer Prices (Sep.) The rise in Nigeria’s headline inflation rate to a 17-year high of 20.8% y/y last month reinforces our view that policymakers will raise the benchmark rate by a further 100bp, to 16.50%, in November... 17th October 2022 · 2 mins read
Japan Chart Pack Another intervention wouldn’t reverse yen weakness With the yen currently trading just below 149, it now appears to be a question of when and not if policymakers step in again. But as recent weeks and the Asian Financial Crisis have shown, such... 17th October 2022 · 11 mins read
Africa Economics Weekly Nigeria’s public finances, ups and downs of SA industry The shelf life of Nigeria’s recently presented budget plans is likely to be short with elections due in early-2023 and no guarantee about policy continuity. Any new administration will not only have... 14th October 2022 · 8 mins read
Latin America Economics Weekly Monetary tightening coming to an end This week Chile’s central bank became the latest in Latin America to bring its tightening cycle to an end. But while there are signs that price pressures are now starting to ease in the region, most... 14th October 2022 · 5 mins read
US Economics Weekly Fed to keep hiking until inflation subsides We still think it’s only a matter of time before the easing of inflationary pressure evident in the surveys and other private-sector data shows up in the official figures. But the September CPI report... 14th October 2022 · 6 mins read
