Asia Chart Pack Political developments take centre stage Political developments have taken centre stage over the past month. Aside from Donald Trump’s election victory, most attention in Asia has focused on Korea, where President Park Geun-hye is clinging... 23rd November 2016 · 1 min read
Africa Data Response South Africa Consumer Prices (Oct.) Inflation in South Africa picked up from 6.1% y/y in September to 6.4% y/y in October, but we still expect that the SARB will keep its key policy rate on hold this week. 23rd November 2016 · 1 min read
Nordic & Swiss Economics Focus Riksbank will have to tighten policy next year Swedish inflation is set to rise sharply over the next year. As such, the Riksbank’s intention to loosen monetary policy further seems like a mistake and any additional interest rate cuts will have to... 22nd November 2016 · 1 min read
Emerging Markets Economics Chart Pack EM markets stabilise after post-Trump sell-off Financial markets across the emerging world have stabilised following an initial sell-off in the wake of Donald Trump’s victory in the US presidential election earlier this month. This partly reflects... 22nd November 2016 · 1 min read
US Economics Update Tighter financial conditions won’t stop the Fed Although the tightening of financial conditions has persuaded the Fed to hold off from tightening monetary policy on several occasions over the past couple of years, we doubt that the recent surge in... 21st November 2016 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Oct.) Saudi inflation eased for a fourth consecutive month in October, recording its lowest rate this year as food prices fell at a steeper pace and the effect of administered price hikes continued to fade. 21st November 2016 · 1 min read
Canada Data Response Consumer Prices (Oct.) The continued softness in core consumer prices in October suggests that the downside risk to the Bank of Canada’s core inflation rate projection is growing, which is consistent with our view that an... 18th November 2016 · 1 min read
Nordic & Swiss Chart Pack Latest data highlight varying inflation outlooks October’s consumer prices data highlight the contrasting inflation outlooks in Sweden, Switzerland and Norway. In Sweden, consumer price inflation picked up to its strongest rate in four-and-a-half... 18th November 2016 · 1 min read
Asia Economics Update Malaysian ringgit weakness to deter interest rate cuts The Malaysian central bank confirmed today that it has been intervening in foreign exchange markets to support the ringgit, which is now close to its lowest level since the Asian financial crisis... 18th November 2016 · 1 min read
China Chart Pack Property market starting to cool One of the key drivers of the economic turnaround this year, the property market,is starting to cool. Growth in the prices of new residential properties slumped inOctober in the largest (tier 1 and... 18th November 2016 · 1 min read
Japan Economics Weekly Bank of Japan on hold for foreseeable future With the yen weakening dramatically since the US election and incoming data showing GDP growth strong last quarter, there is now little pressure on the Bank of Japan to ease further. Less positively... 18th November 2016 · 1 min read
Asia Economics Weekly Inflation to rise, but interest rates to remain low Inflation is set to continue rising across Emerging Asia as the effects of past falls in oil prices drop out of the annual comparison. However, we doubt the increase will be large enough to worry most... 18th November 2016 · 1 min read
Latin America Economics Update Mexico raises rates to shore up peso, further hikes likely The 50bp increase in Mexican interest rates (to 5.25%) at today’s meeting was aimed at supporting the peso in the aftermath of the US election and it’s clear that further hikes are on the cards. We... 18th November 2016 · 1 min read
Australia & New Zealand Economics Weekly Wage growth will remain a worry for the RBA Financial markets look to have jumped the gun by concluding that the chance of a further interest rate cut in Australia has all but vanished. We think that the weak outlook for wage growth may yet... 18th November 2016 · 1 min read
Middle East & North Africa Economics Update Egypt’s central bank stands pat, but further rate hikes likely Today’s decision by Egypt’s central bank to keep its key interest unchanged at 14.75% is probably a pause in the tightening cycle. We think the fall in the pound since it was floated will push... 17th November 2016 · 1 min read
US Data Response Consumer Prices (Oct.) Although the modest monthly gain in core prices pushed the annual core inflation rate down to 2.1% in October, from 2.2%, the details still suggest that underlying price pressures are gradually... 17th November 2016 · 1 min read
