India Chart Pack India Chart Pack (November 2025) After a very strong run, India’s economy faces a more challenging few quarters in the face of punitive US tariffs. But hopes are growing again that these could be reduced. And in any case, domestic... 26th November 2025 · 1 min read
Australia & New Zealand Rapid Response Australia Consumer Prices (Oct. 2025) With inflationary pressures continuing to strengthen at the start of the quarter, there is little chance that rate cuts will be on the RBA’s agenda anytime soon. 26th November 2025 · 2 mins read
US Chart Pack US Chart Pack (Nov. 2025) We think the AI-investment boom is still in its relatively early stages and will eventually drive strong productivity gains as adoption of the technology rises. This keeps us optimistic on the growth... 25th November 2025 · 1 min read
US Rapid Response US Producer Prices (Sep. 2025) The PPI components feeding into the PCE deflator were, on balance, slightly hotter than we had initially anticipated, leading us to estimate that core PCE prices rose by 0.25% m/m in September. 25th November 2025 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Nov. 2025) The Mexican inflation outturn of 3.6% y/y in the first half of November, coming alongside the contraction in GDP in Q3, means Banxico will probably opt for another 25bp cut at its next meeting... 24th November 2025 · 2 mins read
Commodities Update Beef and edible oils the exceptions to falling food prices While most agriculturals prices – and food price inflation – will decline alongside crude oil prices next year, structural supply headwinds will keep the prices of edible oils and beef elevated. 24th November 2025 · 3 mins read
Africa Economics Weekly Worsening relations with the US, SARB rate cut Both South Africa and Nigeria have seen diplomatic relations with the US become more strained this week, although for now domestic dynamics should continue to support a more positive growth outlook in... 21st November 2025 · 7 mins read
Canada Economics Weekly Soft data lends credence to need for more easing A busy week of data releases has left us more confident in our view that the Bank of Canada will feel the need to cut its policy rate below neutral at some point next year to support the economy – not... 21st November 2025 · 5 mins read
Middle East & North Africa Economics Update Egypt’s central bank still has room to cut in 2026 The Central Bank of Egypt’s (CBE’s) monetary easing cycle has been stop-start and with headline inflation rising in recent months, last night’s decision to keep interest rates on hold was not a... 21st November 2025 · 2 mins read
Europe Economics Weekly Wage growth falling, consumers gloomy, EC optimistic Data published this week confirmed that wage growth is slowing and consumers are downbeat. As a result, household spending growth is likely to remain subdued. Next week, we expect to learn that... 21st November 2025 · 7 mins read
UK Economics Rapid Response UK S&P Global Flash PMIs (Nov. 2025) November’s flash PMIs suggest that GDP growth is unlikely to snapback in Q4 and showed that services price pressures eased sharply. With what is set to be a big tax-raising Budget on Wednesday next... 21st November 2025 · 3 mins read
Europe Rapid Response Euro-zone Flash PMIs (November 2025) November’s flash PMI for the euro-zone was little changed from the reading in October and suggests that the economy has continued to expand only slowly in the fourth quarter, while inflationary... 21st November 2025 · 2 mins read
Australia & New Zealand Economics Weekly Inflationary pressures will abate before long The Reserve Bank of Australia continues to equivocate about the outlook for interest rates, given uncertainty over the extent of spare capacity in the economy. However, with wage pressures showing... 21st November 2025 · 5 mins read
Japan Economics Weekly 10-year JGB yield will reach 2% next year The government indicated this week that it will loosen fiscal policy by around 1% of GDP in the upcoming supplementary budget. Coupled with PM Takaichi giving BoJ Governor Ueda a free hand on when to... 21st November 2025 · 5 mins read
Japan Rapid Response Japan Consumer Prices (Oct. 25) With inflation excluding fresh food and energy remaining above 3%, it won’t be long before the Bank of Japan resumes its tightening cycle. 20th November 2025 · 2 mins read
