Australia & New Zealand Data Response Monthly CPI Indicator & Job Vacancies (Aug. 2022) The inaugural release of Australia’s Monthly CPI Indicator showed that inflation eased a bit in August, though we still expect it to approach 8% in Q4. Meanwhile, the first drop in job vacancies since... 29th September 2022 · 3 mins read
Australia & New Zealand Rapid Response Australia Monthly CPI Indicator (Aug.) 29th September 2022 · 2 mins read
Global Economics Update European households’ costs to soar despite fiscal aid The sharp increases in gas and electricity prices in Europe mean that households there – particularly in Germany and Italy – will see a steep rise in their costs of energy consumption. Accordingly... 28th September 2022 · 7 mins read
Canada Chart Pack Underlying inflation pressures easing The fall in headline inflation to 7.0% in August, from 7.6%, was largely due to energy price effects, but there were also some encouraging signs that underlying inflationary pressures are easing. The... 28th September 2022 · 9 mins read
Emerging Europe Economics Update MNB ends rate hiking cycle, but risks remain After raising its base rate by a larger-than-expected 125bp, to 13.00%, Hungary’s central bank (MNB) announced today that it has now ended its rate hiking cycle and we now forecast the base rate to be... 27th September 2022 · 3 mins read
Africa Economics Update Rising inflation, weak naira push CBN into large hike The Central Bank of Nigeria upped the pace of its tightening cycle today, increasing the benchmark rate by 150bp, to 15.50%, as officials have become increasingly concerned about sky-high inflation... 27th September 2022 · 2 mins read
Emerging Markets Economics Chart Pack Policymakers on alert as EM currencies tumble The ramping up of the US Fed’s hawkish rhetoric has turbocharged the dollar’s appreciation against EM currencies, with most falling by 2-6% against the greenback since the start of the month... 27th September 2022 · 8 mins read
Latin America Chart Pack Inflation at a turning point Latin American currencies have come under pressure this month which will put further upward pressure on inflation, but the bigger picture is that headline rates are at, or close to, a peak across the... 27th September 2022 · 12 mins read
Asia Economics Update Stronger dollar to keep policymakers in tightening mode A strong US dollar is a threat to countries with lots of foreign currency debt and/or inflation problems, and is putting pressure on central banks across the region to raise interest rates more... 27th September 2022 · 3 mins read
Latin America Data Response Brazil IPCA-15 (September 2022) The fall in inflation in Brazil to a 16-month low of 8.0% y/y in the first half of September confirms that the monetary tightening cycle is over. By the same token, the fact that inflation remains... 27th September 2022 · 2 mins read
RBA Watch RBA will cut rates next year Other analysts are catching up to our view that rates will rise well above 3%. But with Australia not facing a wage-price spiral and higher interest rates set to reverse the recent surge in goods... 27th September 2022 · 8 mins read
Japan Data Response Japan Flash PMIs (Sep. 2022) September’s flash PMIs indicate yet another slowdown in the manufacturing sector, while services appear to be recovering from the recent record virus wave. 26th September 2022 · 2 mins read
Africa Economics Weekly Ghana’s economic woes, perpetual power cuts in SA Despite the release of better-than-expected Q2 GDP growth figures in Ghana, the economic outlook remains gloomy as policy tightening to address the country’s debt woes will increasingly bite. And in... 23rd September 2022 · 7 mins read
Global Economics Update Central banks won’t flinch at weak PMIs Another month, another batch of PMIs pointing to Q3 GDP having fallen in major advanced economies. Yet despite the deterioration in real activity, as well as some further signs that pipeline price... 23rd September 2022 · 3 mins read
Canada Economics Weekly Hawkish Fed forces the Bank to do more The hawkish message from the Federal Reserve this week has prompted us to revise up our forecast for the peak policy rate in Canada to 4.0%, even as the latest data suggest that inflationary pressures... 23rd September 2022 · 5 mins read
