Emerging Europe Economics Update EM inflation to remain anchored Emerging market (EM) inflation has crept up in recent months, but it remains low by historic standards. Looking ahead, inflation should be kept anchored by subdued domestic price pressures and recent... 27th November 2013 · 1 min read
Canada Data Response Consumer Price Index (Oct.) October's muted core inflation reading illustrates the considerable economic slack that remains and supports the Bank of Canada's recent decision to discard its tightening bias. With an acceleration... 22nd November 2013 · 1 min read
Emerging Markets Economics Chart Pack EM exporters benefit from Chinese rebound EM exporters appear to have benefited from the recent investment-led rebound in China. But with China's infrastructure spending now easing again and policymakers determined to rein in credit growth... 22nd November 2013 · 1 min read
US Data Response Retail Sales & Consumer Prices (Oct.) The acceleration in retail sales growth in October is one of a few reasons why the Fed is unlikely to be too concerned by the fall in CPI inflation to a four-year low of 1.0%, from 1.2% in September. 20th November 2013 · 1 min read
Africa Economics Update Fiscal concerns to prompt rate hikes in Nigeria next year It is fitting that Nigeria’s Budget Proposal for 2014 has been delayed again on a day where the Central Bank has voiced its concerns over fiscal slippage. Low inflation means the Central Bank has... 19th November 2013 · 1 min read
Emerging Markets Economics Update Exchange rates to frame EM monetary policy in near term Currency movements will continue to play a major part in determining emerging market (EM) monetary policy. Countries where currencies have weakened alongside large current account deficits - Brazil... 15th November 2013 · 1 min read
Asia Economics Update India pinning too-high hopes on boost from monsoon On the back of the strongest monsoon in six years, policymakers in India appear confident that a bumper crop will translate into stronger growth and help tame inflation. While the monsoon will help at... 15th November 2013 · 1 min read
Asia Economics Update Pakistan finally gets serious about inflation The State Bank of Pakistan (SBP) hiked its policy rate for the second time in two months yesterday. This represents a sharp turnaround from earlier this year, when the central bank cut rates despite a... 14th November 2013 · 1 min read
Japan Data Response GDP (Q3 Preliminary) The slowdown in Q3 GDP follows unsustainably strong growth in the first half of the year and is therefore no cause for concern. The economy is likely to regain momentum in the near-term as spending is... 14th November 2013 · 1 min read
Asia Economics Update Rates to remain on prolonged hold in Korea The Bank of Korea (BoK) kept its policy rate on hold today, as expected. Looking ahead, with inflation set to remain low, the central bank will be in no rush to raise interest rates, and we expect... 14th November 2013 · 1 min read
UK Data Response Bank of England Inflation Report (Nov.) November’s Inflation Report provided some superficial support for expectations that interest rates will rise sooner than the MPC suggested back in August. But we still think that the disinflationary... 13th November 2013 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Oct.) October’s inflation figures suggest that the UK economy is hitting a sweet spot of accelerating GDP growth and declining price pressures. And inflation is likely to fall further in the near future. 12th November 2013 · 1 min read
Europe Economics Update ECB has more work to do to tackle the strong euro Last week’s cut in ECB interest rates has helped to relieve some of the near-term upward pressure on the euro. But the central bank will have to work harder to stop the strong currency from snuffing... 12th November 2013 · 1 min read
Japan Data Response Money Supply & Consumer Confidence (Oct.) The slump in consumer confidence in October shows that households feel uncomfortable with the combination of rising prices and falling incomes. Meanwhile, the money supply grew at its fastest pace... 12th November 2013 · 1 min read
Middle East & North Africa Economics Update Egyptian inflation on course to fall back next year Egyptian inflation ticked up again last month on the back of a further rise in food inflation. But price pressures look set to ease next year which could bring interest rate cuts back on to the agenda... 11th November 2013 · 1 min read
China Economics Update State sector pulls back With output growth stable and inflation contained, October’s data signalled two key developments: a pull back in investment by the state sector, particularly in infrastructure, and a slowdown in... 11th November 2013 · 1 min read
