Latin America Economics Weekly Latin America Weekly: Mexico’s tariff resilience, exemptions for Chile & Brazil Having found itself in Trump’s firing line a few weeks ago, this week’s tariffs announcements were better for much of Latin America than had been feared and it now looks like the hit to GDP will be... 1st August 2025 · 6 mins read
Europe Rapid Response Euro-zone HICP (July 2025) Headline inflation remained at the target in July and core inflation was only a touch higher. Both were broadly in line with the ECB’s forecasts. So there was little in the data to suggest that the... 1st August 2025 · 2 mins read
Japan Economics Weekly Japan Weekly: Trade tensions unlikely to reduce wage growth much While the Bank of Japan became more upbeat about the outlook for inflation this week, it still thinks that trade tensions will result in a slower wage growth via lower corporate profits. However, with... 1st August 2025 · 5 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: CPI data signal green light for August rate cut Australian CPI data released this week will have gone a long way toward assuaging the RBA's concerns about lingering price pressures in the economy. And although retail sales picked up strongly in... 1st August 2025 · 5 mins read
Australia & New Zealand Economics Update Affordability will dampen Australia’s housing rebound Australia’s housing market gained traction in June, and leading indicators suggest the housing rebound has further to run. But with affordability set to remain extremely stretched despite the RBA’s... 1st August 2025 · 4 mins read
China Chart Pack China Chart Pack (Jul. 25) China’s economy slowed in Q2, despite industrial activity holding up well in the face of US tariffs. With US-China ties improving, we don’t think tariffs will be as significant of a drag on growth as... 31st July 2025 · 0 mins read
BoE Watch BOE Watch: Unlike the ECB, the BoE still has much further to go The Bank of England will almost certainly cut interest rates by 25 basis points for the fifth time in this cycle, from 4.25% to 4.00% on Thursday 7th August. Our sense is that the upside risks to... 31st July 2025 · 6 mins read
Africa Economics Update SARB cuts and unofficially adopts lower inflation target The South African Reserve Bank’s decision to continue with its interest easing cycle today, with a 25bp cut to 7.00% was unsurprising, and the highlight of the meeting was Governor Kganyago’s... 31st July 2025 · 3 mins read
Japan Economics Update Bank of Japan opening door to year-end rate hike While the Bank of Japan turned a touch more optimistic today, it still sees trade tensions as a major headwind. However, we still believe that policymakers are too pessimistic about the inflation... 31st July 2025 · 3 mins read
Latin America Rapid Response Brazil Interest Rate Announcement & US Tariffs (Jul. 2025) Brazil’s central bank left interest rates on hold at 15.00% as expected today, but the decision was overshadowed by President Trump’s Executive Order earlier today raising tariffs to 50% on imports... 30th July 2025 · 2 mins read
US Economics Update Powell far from convinced about September rate cut Fed Chair Jerome Powell left open the possibility of a September rate cut in his comments following the FOMC’s July meeting, but put much more emphasis on the still solid labour market and stressed... 30th July 2025 · 3 mins read
US Rapid Response Fed Policy Announcement (July 2025) The FOMC made only one major change to its policy statement this month, acknowledging that growth moderated in the first half of the year. While Governors Christopher Waller and Michelle Bowman both... 30th July 2025 · 2 mins read
Canada Economics Update BoC holds but slower growth beginning to raise concern While the Bank of Canada kept interest rates unchanged at 2.75% for a third consecutive meeting today, the communications showed policymakers placing greater emphasis on the downside risks to growth... 30th July 2025 · 3 mins read
Canada Rapid Response Bank of Canada Policy Announcement (Jul 2025) The Bank of Canada kept interest rates unchanged at 2.75% for a third consecutive meeting today as it awaits greater clarity over the country’s future trading terms with the US. The communications... 30th July 2025 · 3 mins read
Africa Chart Pack Africa Chart Pack (Jul. 2025) Economies across Sub-Saharan Africa will be able to cope with higher US tariffs. And better terms of trade for most countries mean that painful currency adjustments are unlikely. That alongside lower... 30th July 2025 · 0 mins read
