Middle East & North Africa Data Response Egypt Consumer Prices (Jul.) The sharp fall in Egyptian inflation to a 13-month low of 8.4% y/y in July was due toboth lower food inflation and the unwinding of last year’s energy price hikes. Withinflation now back in single... 10th August 2015 · 1 min read
Emerging Europe Data Response Czech CPI (Jul.) The weaker-than-expected 0.5% y/y rise in Czech consumer prices last month may bethe first sign that the recent appreciation of the koruna is starting to drag downinflation. Even so, with the economy... 10th August 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jul.) The fall in Mexican inflation in July to a new record low of 2.7% y/y brought further evidence that the continued depreciation of the peso isn’t fuelling price pressures. With inflation falling... 7th August 2015 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jul.) The further rise in Brazilian inflation last month to a twelve-year high of 9.6% y/y underscores the need for policymakers to keep interest rates high, even if – as they have signalled – the... 7th August 2015 · 1 min read
Europe Economics Weekly Can the Spanish economy keep its place in the sun? Spain is set to remain the fastest growing of the major euro-zone economies for the next few quarters. But while the economy’s fundamentals have improved, the recent impressive growth rates also rest... 7th August 2015 · 1 min read
Australia & New Zealand Economics Weekly Our take on the labour market puzzle While our analysis suggests that it is the surprising leap in the unemployment rate in Australia in July that is sending the false signal and not the surprising strength of employment growth, there... 7th August 2015 · 1 min read
Emerging Europe Economics Update Czech MPC hints at policy staying loose for longer The Czech MPC kept its policy interest rate and exchange rate ceiling unchanged earlier today, but the Council dropped its strongest hint yet in the accompanying press release that extremely loose... 6th August 2015 · 1 min read
Global Economics Chart Pack Global growth set to recover further Global growth rebounded in the second quarter and the latest business surveys suggest that it has picked up further at the beginning of Q3. Growing fears of a hard landing in China have weighed on... 6th August 2015 · 1 min read
UK Data Response MPC Decision, Minutes & Inflation Report (Aug.) The ‘Super Thursday’ releases from the MPC suggested that an interest rate rise is still not imminent. The Committee wants to be cautious and wait for price pressures to emerge before pressing the... 6th August 2015 · 1 min read
Latin America Economics Update Crisis deepens in Brazil The economic and political troubles facing Brazil have deepened over the past few weeks. The good news is that we think the big falls in the prices of the country’s commodity exports are probably now... 6th August 2015 · 1 min read
Emerging Markets Economics Update Emerging Market Consumer Snapshot (Q3 2015) The falls in commodity prices over the past year have caused consumer spending to slow in many commodity-exporting countries, with Russia and Brazil being hit particularly hard. Only consumers in... 6th August 2015 · 1 min read
Africa Economics Update Kenya: Rate hold does not signify end of tightening cycle Today’s decision by the Kenyan MPC to leave interest rates at 11.50% will give the economy a bit of breathing room, but we still expect that currency weakness will lead the CBK to hike rates to 13.00%... 6th August 2015 · 1 min read
India Economics Update Base effects to drag down inflation Large base effects are likely to have dragged down inflation in July. The Reserve Bank has stated that it will be looking through base effects over the coming months when making policy decisions... 6th August 2015 · 1 min read
UK Economics Chart Pack More deflation on the way The UK is heading for a renewed period of deflation. The fall back in oil prices to below $50 per barrel will bear down on petrol prices soon. In addition, sterling has continued to appreciate and on... 5th August 2015 · 1 min read
Europe Chart Pack Labour market recovery stalls While the euro-zone economy has continued to weather the ongoing Greek crisis reasonably well, one potentially worrying recent development is the apparent slowdown in the labour market recovery. Not... 5th August 2015 · 1 min read
China Economics Update Pork prices boost headline inflation Consumer price inflation is likely to have risen to an 11-month high in July on the back of surging pork prices. Volatility in food inflation aside, the bigger picture is that inflation is set to edge... 5th August 2015 · 1 min read
