Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (July 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 12th July 2023 · 1 min read
Australia & New Zealand Economics Update RBNZ’s hiking cycle is over The decision by the Reserve Bank of New Zealand to leave rates on hold at 5.50% came as a surprise to no one. Indeed, the Committee noted that monetary policy in New Zealand had turned restrictive far... 12th July 2023 · 3 mins read
US Economic Outlook Odds still favour a mild recession We still think a mild recession over the coming quarters is more likely than not. As the economy weakens and the downward trend in core inflation gathers pace, we think interest rates will eventually... 11th July 2023 · 16 mins read
Latin America Rapid Response Brazil IPCA (June 2023) The sharp fall in Brazilian inflation to just 3.2% y/y last month makes it almost certain that the central bank will kick off its easing cycle at its next meeting on 2nd August. We have pencilled in a... 11th July 2023 · 2 mins read
Japan Chart Pack Japan Chart Pack (Jul. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 11th July 2023 · 1 min read
Event UK Drop In: June CPI - Macro and policy implications 1689753600 The UK CPI report for June will provide fresh evidence of whether the economy has a persistent inflation problem – and whether the Bank of England will need to do more in response.
Emerging Europe Economics Update Israel: rates on hold, but one more hike likely The Bank of Israel (BoI) kept its policy rate on hold at 4.75% today, but its communications acknowledged the risk of having to hike rates again in the coming months if inflation data warrant it. We... 10th July 2023 · 3 mins read
Middle East & North Africa Rapid Response Egypt Consumer Prices (Jun. 2023) Egypt’s inflation rate rose from 32.7% y/y in May to a record high of 35.7% y/y in June, putting it even further above the Central Bank of Egypt’s (CBE’s) inflation target range. This adds to our view... 10th July 2023 · 3 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Jul. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 10th July 2023 · 1 min read
US Economics Weekly Labour market resilience points to July rate hike The 10-year Treasury yield climbed back above 4% this week, as markets interpreted the minutes of the mid-June FOMC meeting as hawkish and reacted to signs that, although labour market conditions may... 7th July 2023 · 6 mins read
Global Markets Update Canada & ANZ bonds no longer look like such outliers We still think the yields of long-dated sovereign bonds in Canada, Australia and New Zealand will fall by the end of this year, but no longer expect them to do so by much more than the yields of bonds... 7th July 2023 · 7 mins read
Europe Chart Pack Europe Chart Pack (July 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 7th July 2023 · 1 min read
Latin America Data Response Chile & Mexico Consumer Prices (Jun.) The larger-than-expected decline in inflation in Chile to an 18-month low of 7.6% in June seals the deal on an interest cut at the central bank’s next meeting later this month. If anything... 7th July 2023 · 3 mins read
Australia & New Zealand Economics Weekly Pay hikes in collective bargaining agreements soar Notwithstanding the RBA's decision to leave rates on hold on Tuesday, we still expect the Bank to deliver three more 25bp rate hikes before bringing its tightening cycle to an end. Indeed, the case... 7th July 2023 · 5 mins read
