UK wage growth falls to 4.9% Analysts said the figures supported the case for the Bank of England to continue cutting interest rates in November, following its decision in August to reduce the benchmark rate to 5 per cent. Ashley... 15th October 2024 · Financial Times
US Economics Weekly Hurricanes add to upside inflation risks Alongside the unexpectedly strong labour market data, September’s price data suggest that more than a few Fed officials might regret starting their easing cycle with a bigger 50bp rate cut. We... 11th October 2024 · 7 mins read
Canada Economics Weekly October meeting will be a close call The stronger labour market data makes the Bank of Canada’s decision in October a close call but, with upside inflation risks fading, and demand still very weak, we think t he Bank will want to bring... 11th October 2024 · 6 mins read
Emerging Europe Rapid Response Russia Consumer Prices (Sep.) Headline inflation fell to 8.6% y/y in Russia in September but this was a touch less than expected and the breakdown showed that core price pressures are easing only very slowly. It now looks very... 11th October 2024 · 2 mins read
Canada Economics Update Bank’s surveys imply GDP growth will remain weak The key activity and labour market indicators in the Bank of Canada’s surveys did not deteriorate last quarter, but they remain consistent with weak GDP growth, rather than the pick-up the Bank is... 11th October 2024 · 3 mins read
Africa Economics Weekly Kenya rate cuts, SA visa reforms Continued disinflation alongside an improved external environment mean that the 75bp interest rate cut delivered by Kenya’s central bank is likely to be followed up by further monetary loosening over... 11th October 2024 · 6 mins read
Latin America Economics Weekly Sheinbaum’s first two weeks in office, Banxico minutes President Claudia Sheinbaum's first two weeks in office suggest that she will seek to maintain Mexico’s close geopolitical alignment with the US. But on the domestic front, there have been more... 11th October 2024 · 6 mins read
Emerging Europe Economics Weekly September CPI data, Poland’s fiscal tightening plans The batch of September inflation data this week offered some welcome signs for policymakers, but the Hungarian central bank seems concerned about recent currency weakness which means that the easing... 11th October 2024 · 7 mins read
Europe Economics Weekly France’s 2025 budget; two-way risk for energy prices Having survived a vote of no confidence earlier in the week, France’s government presented its 2025 budget on Thursday, which highlighted the perilous state of the public finances. Meanwhile, energy... 11th October 2024 · 6 mins read
Asia Economics Weekly Korea cuts, Bank Indonesia on a knife edge The Bank of Korea cut interest rates today and we are expecting the central banks of Thailand and the Philippines to follow suit at their scheduled meetings on Wednesday. The Monetary Authority of... 11th October 2024 · 8 mins read
Event Asia Drop-In: How far will policy easing go to support Asia’s economies? 16th October 2024, 9:30AM BST It’s a busy week for Asia’s central banks, with three key decisions expected on Wednesday following on from the latest Reserve Bank of India and Bank of Korea meetings.
India Economics Weekly RBI shifts stance, FTSE Russell, state election results The shift in the RBI's official policy stance, alongside the announcement of India's inclusion in the FTSE Russell EM bond index and state election results that should ease fiscal risks, has... 11th October 2024 · 5 mins read
Asia Economics Update Korea: further cuts on the way The Bank of Korea today cut interest rates by 25bps (to 3.25%), but tried to dampen speculation that it would cut rates at its final meeting of the year in November. With growth struggling and... 11th October 2024 · 3 mins read
China Economics Weekly What to look for at the MoF press conference All eyes are on the Ministry of Finance's crucial press conference tomorrow morning. We think this year’s growth target is just about achievable if local governments can be pushed to fully deploy... 11th October 2024 · 10 mins read
Australia & New Zealand Economics Weekly RBNZ may consider a 75bp cut in November The RBNZ struck a rather dovish tone when it cut rates by 50bp at its meeting this week. We think that the Bank's concerns about the state of the economy are well founded, especially with new data... 11th October 2024 · 5 mins read
