Europe Rapid Response Swiss CPI (January) Swiss inflation remained at 0.1% in January and we expect it to undershoot the consensus forecast and stay around zero for the rest of the year. Combined with the strength of the franc, we think this... 13th February 2026 · 2 mins read
Japan Economics Weekly Stronger yen won’t be a big drag on inflation Despite widespread concerns that a resounding victory for the ruling coalition in Sunday’s Lower House elections would trigger a further sell-off in JGBs and the yen, the exchange rate in fact... 13th February 2026 · 6 mins read
Japan Chart Pack Japan Chart Pack (Feb. 26) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The economy will continue to grow at a healthy pace, which should ensure that the labour market... 12th February 2026 · 1 min read
Middle East & North Africa Rapid Response Egypt Interest Rate Announcement (Feb. 2026) The Central Bank of Egypt (CBE) cut its overnight deposit rate by 100bp, to 19.00%, and sounded more confident that inflation will be brought back to target later this year. This reinforces our view... 12th February 2026 · 2 mins read
India Economics Update Revamped CPI series reduces risk of policy mistakes We doubt that India’s revamped consumer price data will change the near-term monetary policy outlook. The real benefit lies further ahead; the new series does a better job of capturing economic... 12th February 2026 · 3 mins read
Canada Chart Pack Canada Chart Pack (Feb 2026) We expect GDP growth to be little more than 1% this year as household spending and investment remain subdued amid the immigration crackdown and start of CUSMA renegotiation. Despite soft employment... 12th February 2026 · 1 min read
Emerging Europe Rapid Response Hungary Consumer Prices (Jan. 2026) The larger-than-expected fall in Hungarian inflation, to 2.1% y/y, in January, is likely to prompt the central bank to resume its monetary easing cycle when it meets later this month. We are now... 12th February 2026 · 1 min read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (February 2026) Our Emerging Markets Chart Pack has been updated with the latest data and our analysis of recent developments. EM GDP growth will slow to ~3.5% in 2026-27, the weakest rate in the past three decades... 11th February 2026 · 1 min read
Emerging Europe Economics Update Will Poland’s “Goldilocks” conditions last? Poland’s economy is currently exhibiting features considered characteristic of a “Goldilocks economy” – solid GDP growth, inflation close to target, as well as a current account near balance. And we... 11th February 2026 · 5 mins read
Australia & New Zealand Economics Update RBNZ will start normalising policy in Q2 2027 The RBNZ will leave rates on hold at 2.25% at its meeting on 18th February. With the latest data suggesting that the balance of risks to the economic outlook has shifted somewhat to the upside, we’re... 11th February 2026 · 4 mins read
China Rapid Response China Consumer & Producer Prices (Jan. 2025) Consumer price inflation eased due to a later Lunar New Year. But it is likely to bounce back in February. And producer price inflation, which is less seasonal, improved. The recent uptrend on both... 11th February 2026 · 2 mins read
Latin America Rapid Response Brazil IPCA (Jan. 2026) The small pick-up in Brazilian inflation to 4.4% y/y in January was driven entirely by higher housing inflation and masks a sharp easing in underlying price pressures. This will give Copom more... 10th February 2026 · 2 mins read
Middle East & North Africa Rapid Response Egypt Consumer Prices (Jan. 2026) The fall in Egypt’s headline inflation rate from 12.3% y/y in December to 11.9% y/y in January, its weakest pace since September and second weakest since Q1 2022, means that the Central Bank of Egypt... 10th February 2026 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Jan. 2026) The pick-up in Mexican inflation to 3.8% y/y in January was driven by a strengthening of core inflation. And while we don’t think this will prompt Banxico to end its easing cycle, it does mean that... 9th February 2026 · 2 mins read
Global Economics Chart Pack Global Economics Chart Pack (Feb. 2026) The latest data seem to confirm that global GDP growth slowed in Q4. But there are also several signs of encouragement, consistent with our forecast for global growth to stabilise at about 3% this... 9th February 2026 · 1 min read
