Africa Data Response Nigeria Consumer Prices (Sep.) Data released today showed that Nigerian inflation continued its slow grind higher last month, reaching 9.4% y/y, its strongest rate in over two years. Given the previous slide in the naira and the... 14th October 2015 · 1 min read
Japan Economics Update Falling import prices create another headwind for the BoJ While the Bank of Japan remains upbeat about the prospects of hitting its 2% inflation target, the fact that non-energy import prices have just recorded the first fall since the launch of QQE... 14th October 2015 · 1 min read
India Data Response Wholesale Prices (Sep.) Wholesale price inflation rose in September after falling a record low in August. Looking ahead, we think that WPI inflation will accelerate further over the coming months as the favourable base... 14th October 2015 · 1 min read
China Data Response Consumer & Producer Prices (Sep.) Today's inflation data suggest that seasonal factors and volatile food prices aside, price pressures were basically stable last month. Nonetheless, we think it is only a matter of time before... 14th October 2015 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Sep.) Deflation returned to the UK in September. Although it is likely to be another very brief and shallow affair, this clearly puts the MPC under even less pressure than before to raise interest rates. 13th October 2015 · 1 min read
Europe Data Response Swedish Consumer Prices (Sep.) The small rise in Sweden’s headline inflation rate in September to just above zero may be just about enough to prevent the Riksbank from loosening policy further at the end of this month. But we still... 13th October 2015 · 1 min read
Europe Economic Outlook Global uncertainty adds to downside risks The European economy has performed relatively well over recent months amid financial market unrest and signs of a slowdown elsewhere. But the euro-zone’s exporters are still not benefitting from the... 13th October 2015 · 1 min read
Japan Data Response Consumer Confidence (Sep.) While consumer sentiment deteriorated in September, the Bank of Japan will welcome that household inflation expectations did not weaken further. 13th October 2015 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Sep.15) The small rise in Sweden’s headline inflation rate in September to just above zero maybe just about enough to prevent the Riksbank from loosening policy further at the end of this month. But we still... 13th October 2015 · 1 min read
India Data Response Consumer Prices (Sep.) & Industrial Production (Aug.) Indian consumer price inflation rose in September. Looking ahead, while theRBI’s inflation target for January 2016 isn’t under threat, meeting the medium term target will be difficult. Given this, we... 12th October 2015 · 1 min read
Asia Economic Outlook Emerging Asia set for recovery The jump in Egyptian inflation to 9.2% y/y in September was driven almost entirely by a rise in the volatile food component. While we do expect inflation to fall back again, last month’s data mean an... 12th October 2015 · 1 min read
UK Economics Update Deflation Watch: Energy prices beckon deflation’s return It is likely that CPI inflation turned negative in September, and should remain close to zero for most of the rest of this year. However, as weak price pressures are being driven largely by lower... 9th October 2015 · 1 min read
Europe Economics Weekly German slowdown will force the ECB’s hand Last week’s news on the euro-zone brought the strongest signs yet that some parts of the currency union are starting to feel the effects of the deterioration in the international environment. In... 9th October 2015 · 1 min read
UK Economics Weekly Is the recovery running out of steam? A raft of gloomy survey data has fuelled fears that the UK’s economic recovery is running out of steam. There are some indications that quarterly GDP growth will moderate from 0.7% in Q2 to 0.5% or so... 9th October 2015 · 1 min read
Australia & New Zealand Economics Weekly Better news from China only a reprieve The rebound we expect in China over the next few quarters should come as a relief to Australian policymakers and many investors. But long-run prospects for iron ore demand, which makes up more than... 9th October 2015 · 1 min read
Asia Economics Weekly Rupiah rebound unlikely to prompt immediate rate cuts The rebound in the Indonesian rupiah over the past week is unlikely to be enough to persuade Bank Indonesia to cut interest rates at its meeting on Thursday. But provided the recent rally does not go... 9th October 2015 · 1 min read
