Africa Rapid Response South Africa Consumer Prices (Jun' 25) South Africa’s headline inflation rate may have edged up to 3.0% y/y in June, but the further easing of core inflation suggests the SARB should remain unworried about underlying price pressures... 23rd July 2025 · 2 mins read
Japan Chart Pack Japan Chart Pack (July 2025) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. Japan’s economy has largely shrugged off global trade tensions and the trade deal reached between... 23rd July 2025 · 1 min read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Jul. '25) Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. Oil prices have fallen back in the wake of the Israel-Iran ceasefire and, with... 22nd July 2025 · 1 min read
Canada Economics Update Outdated BoC surveys understate economic resilience Bleak sales and spending intentions captured by the Bank of Canada’s second-quarter business and consumer surveys are consistent with a sharp downturn in GDP growth. However, the surveys were carried... 21st July 2025 · 4 mins read
Australia & New Zealand Rapid Response New Zealand Consumer Prices (Q2 2025) With underlying price pressures remaining benign, the RBNZ is likely to loosen policy a bit further than most are anticipating. 21st July 2025 · 2 mins read
Canada Economics Weekly Canada Weekly: Elevated core inflation a concern, for now While elevated core inflation rules out a Bank of Canada rate cut this month, industrial product price inflation and the survey data suggest that threat will soon subside. Together with weak GDP in... 18th July 2025 · 5 mins read
Africa Economics Weekly Africa Weekly: Nigeria inflation, South Africa G20 & low inflation Nigeria’s inflation slowed again last month, and we think high real interest rates and a stable naira will allow disinflation to continue. The surprise rise in core inflation, however, is likely to... 18th July 2025 · 7 mins read
UK Economics Weekly UK Weekly: Hotter inflation will deter the Bank from cutting rates quicker We think the hotter-than-anticipated inflation figures will deter the Bank of England from speeding up the pace of interest rate cuts rather than cause it to slow down. That’s why we’re sticking to... 18th July 2025 · 7 mins read
US Rapid Response US Uni. of Michigan Consumer Sentiment (Jul. 2025) The small rise in the University of Michigan consumer sentiment index in July and further drop-back in inflation expectations shows that, while overall confidence remains weak, households are less... 18th July 2025 · 2 mins read
US Economics Weekly US Weekly: Too early to celebrate limited tariff impacts The June data released this week showed that, while tariff effects are crystallising in particular industries, broader impacts have so far been avoided. But with pre-tariff inventory stockpiles... 18th July 2025 · 5 mins read
Japan Economics Weekly Japan Weekly: BoJ can’t shrug off strong inflation for much longer The resilience of exports and the strength in inflation leave the case for tighter monetary policy intact. Nonetheless, with trade negotiations between the US and Japan seemingly at a dead end, the... 18th July 2025 · 4 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: Labour market not an obstacle to RBA rate cuts The strong uptick in Australia's unemployment rate in June may be overstating the actual degree of slack in the labour market. After all, the underutilisation rate remains historically low and... 18th July 2025 · 5 mins read
Japan Rapid Response Japan Consumer Prices (June 2025) Underlying inflation remains elevated and is almost certain to overshoot the Bank of Japan’s forecasts. However, with trade tensions looming large over the economy, the risk remains that the BoJ will... 18th July 2025 · 2 mins read
US Chart Pack US Chart Pack (July 2025) Tariff negotiations rumble on, but our base case remains that the tariffs ultimately imposed will not cause a recession – though we expect growth to slow. We forecast GDP growth of 1.6% this year and... 17th July 2025 · 1 min read
