Africa Rapid Response South Africa Consumer Prices (Jan. 2026) South Africa’s headline inflation rate edged down to 3.5% y/y in January but this masked a small rise in the core rate which, at the margin, may make policymakers at the Reserve Bank hesitant to... 18th February 2026 · 2 mins read
UK Economics Rapid Response UK Consumer Prices (Jan. 2026) Coming on the back of the further easing in wage growth in yesterday’s release, the decline in CPI inflation from 3.4% in December to 3.0% in January (consensus 3.0%, CE 3.1%, BoE 2.9%) may be just... 18th February 2026 · 3 mins read
Australia & New Zealand Economics Update RBNZ to hold fire on rate hikes until 2027 The new RBNZ Governor, Anna Breman, didn’t rock the boat at her inaugural meeting today. The Committee predictably left rates unchanged, while arguing that risks to the outlook remained two-sided... 18th February 2026 · 3 mins read
Australia & New Zealand Rapid Response RBNZ Meeting (Feb. 2026) Although the RBNZ remains cautious about the near-term outlook, it seems open to normalising policy settings before long. 18th February 2026 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Feb.) The National Bank of Romania left its policy rate on hold again today, at 6.50%, and despite the economy falling into recession at the end of last year, we think a return to monetary easing is still... 17th February 2026 · 2 mins read
Latin America Rapid Response Colombia GDP (Q4 2025) The weak 0.1% q/q expansion in Colombia’s GDP in Q4 was driven by weaker domestic demand and is the first tentative sign that the economy’s recent period of unbalanced growth may be coming to an end... 16th February 2026 · 2 mins read
Africa Rapid Response Nigeria Consumer Prices (Jan. 26) The smaller than expected fall in Nigeria’s headline inflation rate to 15.1% y/y in January is unlikely to worry policymakers at the Central Bank of Nigeria given that core price pressures continued... 16th February 2026 · 2 mins read
US Economics Weekly Improving jobs market weakens case for more Fed cuts January's employment report was about as good as could have been hoped for, with a 172,000 rise in private payrolls comfortably beating expectations and the unemployment rate dropping further to 4.3%... 13th February 2026 · 10 mins read
Africa Economics Weekly Ramaphosa's SONA, CBN steps up FX liquidity South Africa’s President Cyril Ramaphosa used his State of the Nation address to outline bold plans to tackle crime and improve infrastructure, but delivering on this will be challenging given the... 13th February 2026 · 7 mins read
Latin America Economics Weekly Mexico’s core inflation worries, Colombia’s imbalances The rise in Mexican core inflation last month looks worrying on the face of it, but it was driven by excise duty hikes, which Banxico is likely to look through it. A 25bp interest rate cut at the... 13th February 2026 · 5 mins read
Emerging Europe Rapid Response Russia Interest Rate Announcement (Feb.) 13th February 2026 · 2 mins read
Australia & New Zealand Economics Weekly Australia still facing elevated capacity pressures Data released this week reinforce the need for the RBA to tighten policy settings. Provisional figures suggest that private consumption growth accelerated in Q4 and is running above the pace... 13th February 2026 · 6 mins read
Japan Economics Weekly Stronger yen won’t be a big drag on inflation Despite widespread concerns that a resounding victory for the ruling coalition in Sunday’s Lower House elections would trigger a further sell-off in JGBs and the yen, the exchange rate in fact... 13th February 2026 · 6 mins read
Japan Chart Pack Japan Chart Pack (Feb. 26) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The economy will continue to grow at a healthy pace, which should ensure that the labour market... 12th February 2026 · 1 min read
Middle East & North Africa Rapid Response Egypt Interest Rate Announcement (Feb. 2026) The Central Bank of Egypt (CBE) cut its overnight deposit rate by 100bp, to 19.00%, and sounded more confident that inflation will be brought back to target later this year. This reinforces our view... 12th February 2026 · 2 mins read
India Economics Update Revamped CPI series reduces risk of policy mistakes We doubt that India’s revamped consumer price data will change the near-term monetary policy outlook. The real benefit lies further ahead; the new series does a better job of capturing economic... 12th February 2026 · 3 mins read
