Emerging Europe Data Response Poland Consumer Prices (Jun.) Polish deflation eased a little in June, but this was entirely the result of smaller falls in food and energy prices than in May. Meanwhile, it looks like core inflation edged down a little. 15th July 2015 · 1 min read
Latin America Economics Update Chile: interest rate hikes still some way off Interest rates in Chile were left unchanged at 3.00% last night and the more dovish tone of the accompanying statement supports our long-held view that rate hikes are still some way off. We do not... 15th July 2015 · 1 min read
Europe Data Response French CPI (Jun.) France’s June inflation data confirmed that price pressures remain very subdued in the euro-zone’s second-largest economy. And the substantial slack in the labour market means that core inflation is... 15th July 2015 · 1 min read
Japan Economics Update BoJ will have to step up pace of easing before long Despite some small adjustments, the Bank of Japan’s interim forecasts today reveal that policymakers remain upbeat about the outlook. But weak economic activity and the prospect of a prolonged period... 15th July 2015 · 1 min read
US Data Response Retail Sales (Jun.) The 0.3% m/m decline in retail sales in June is disappointing but, given the strength of sales in earlier months, it still looks like real consumption increased by a relatively healthy 2.7% annualised... 14th July 2015 · 1 min read
Africa Data Response Nigeria Consumer Prices (Jun.) The seemingly inexorable rise of Nigerian inflation – which reached a 28 month high of 9.2% y/y in June – will add to the pressure on the central bank to raise interes trates later this year. 14th July 2015 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Jun.) June’s consumer prices figures showed that the UK is continuing to benefit from a period of very low inflation brought on by lower energy and import prices. There are still no signs that low inflation... 14th July 2015 · 1 min read
India Data Response Wholesale Prices (Jun.) Wholesale price inflation was broadly unchanged in June, remaining firmly in negative territory and close to its lowest rate since the series began. Importantly, core inflation fell further, pointing... 14th July 2015 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jun. 15) The fall in Sweden’s headline inflation rate below zero in June vindicated the Riksbank’s decision earlier this month to cut its policy rate further and extend its bond-buying programme. But we think... 14th July 2015 · 1 min read
India Data Response Consumer Prices (Jun.) June’s rise in consumer price inflation was primarily the result of a sharp fall in food prices a year ago rather than any recent increase in inflation pressures. It should not put the Reserve Bank... 13th July 2015 · 1 min read
Africa Economics Update Kenya: Long-term outlook still positive Kenya has been in the headlines for all the wrongreasons over the past few months, and its economy is struggling. But while the country faces realproblems, we still believe that the economy holds... 13th July 2015 · 1 min read
Europe Economics Weekly New Greek bailout would just delay the inevitable There appears to be a chance that Greece and its creditors will come to a last minute agreement on a new bailout which avoids an imminent Greek departure from the currency union. But there are many... 10th July 2015 · 1 min read
Australia & New Zealand Economics Weekly Will the lower dollar prevent further rate cuts? Since the recent sharp weakening in both the Australian and New Zealand dollars is being driven by the deteriorating economic outlook for each economy, the depreciating currencies are unlikely to... 10th July 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jun.) June’s inflation data from Mexico contain no signs that a weaker peso is fuelling price pressures. With inflation still below target, policymakers have room to keep interest rates low even if the Fed... 9th July 2015 · 1 min read
Middle East & North Africa Data Response Egypt & Saudi Consumer Prices (Jun.) The sharp fall in Egyptian inflation last month, to 11.4% y/y, confirmed that May’s surprise jump was a one-off. And with the headline rate likely to fall further in July, we think interest rate cuts... 9th July 2015 · 1 min read
China Data Response Consumer & Producer Prices (Jun.) Although the recent softening in global commodity prices helped pull down producer price inflation last month, today’s data still suggest that domestic price pressures are rising and that deflation... 9th July 2015 · 1 min read
