India Economics Update RBI keeps rates on hold, but hikes will materialise soon The Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25% today as it continues to “closely monitor developments” in the Middle East. But it is clear that rupee weakness remains a concern... 5th June 2026 · 3 mins read
Japan Economics Weekly Japan edges closer to policy normalisation BoJ Governor Ueda strongly hinted this week that a rate hike is imminent, with policymakers growing concerned about falling behind the inflation curve. With wage growth remaining historically strong... 5th June 2026 · 4 mins read
Australia & New Zealand Economics Weekly RBA alert to inflation risks even as growth softens The Australian economy slowed noticeably in Q1. Although private demand appeared resilient, thanks largely to the data-centre construction boom, the weakness in household consumption remains a cause... 5th June 2026 · 4 mins read
Japan Rapid Response Japan Labour Cash Earnings (Apr. 2026) The continued strength in wage growth gives the Bank of Japan the green light to resume its tightening cycle at its meeting on 16 th June. 5th June 2026 · 2 mins read
ECB Watch ECB unlikely to raise interest rates very far A 25bp rate hike next week, taking the deposit rate to 2.25%, looks nailed on and we suspect that will be followed by another in July. But second-round effects of higher energy prices on inflation... 4th June 2026 · 8 mins read
US Economics Update Bar to Fed hikes appears relatively low Recent Fed speeches suggest that, absent a sudden surge in oil prices, the FOMC will keep interest rates unchanged over the summer. It is shaping up to be an extremely close call beyond then, however... 4th June 2026 · 6 mins read
Global Economics Update Services still bearing the brunt of Iran war fallout The latest batch of PMIs suggests that industry has been buoyed by precautionary stockbuilding and the AI boom, while consumer-facing services have taken a hit in many economies. At the global level... 3rd June 2026 · 4 mins read
US Rapid Response US ISM Services Index (May 2026) Strong services price pressures will add to Fed’s concerns The rise in the ISM Services Index in May, together with the latest rise in the manufacturing index, suggests that the economy is enjoying... 3rd June 2026 · 2 mins read
UK Economics Chart Pack UK Economics Chart Pack (Jun. 2026) While we suspect the labour market is too weak to generate big second-round effects, the inevitable rise in CPI inflation from 2.8% in April to a peak of 4.0% early next year under our baseline... 3rd June 2026 · 1 min read
China Rapid Response China PMIs (May 2026) The PMIs suggest that China’s economy accelerated in May, with the import price shock from the Iran war moderating, external demand holding up well and AI-related spending boosting services activity. 3rd June 2026 · 3 mins read
Africa Economics Update Ghana: Fiscal, monetary policy to act as a shock absorber Higher crude oil revenues are likely to allow Ghana’s government to loosen fiscal policy which, taken together with the lagged impact of the large monetary easing cycle, should support the economy. We... 2nd June 2026 · 4 mins read
Latin America Economics Update The price of free time in Latin America Latin America is seeing a wave of labour market reforms that reduce maximum working hours with no reduction in compensation, which could raise inflation and reduce competitiveness. It appears most... 2nd June 2026 · 5 mins read
Australia & New Zealand Economics Update Australia’s housing market correction is underway Australian house prices fell for a second straight month in May, and leading indicators suggest that the decline has further to run. However, with inflationary pressures still running hot, the housing... 2nd June 2026 · 4 mins read
Australia & New Zealand Rapid Response Australia Minimum Wage Decision 2026/27 The strong increase in the minimum wage this year makes it more likely that wage growth will overshoot the RBA’s expectations, bolstering the case for additional policy tightening. 2nd June 2026 · 2 mins read
