Australia & New Zealand Economics Weekly RBNZ likely to loosen faster than it has signalled When it kicked off its easing cycle this week, the RBNZ indicated that it would take a measured approach to cutting rates over the coming months. However, we think the Bank is understating the... 16th August 2024 · 4 mins read
Latin America Rapid Response Colombia GDP (Q2 2024) The Colombian economy isn’t nearly as weak as the meagre 0.1% q/q rise in headline GDP in Q2 would suggest; there was a large drag from net trade while domestic demand remained very strong. The strong... 15th August 2024 · 2 mins read
Africa Data Response Nigeria Consumer Prices (Jul. '24) Nigeria’s headline inflation rate eased to 33.4% in July, the first time it had slowed in 18 months, as the passthrough from previous naira falls has finally started to faded. With inflation having... 15th August 2024 · 2 mins read
Europe Economics Update Norges Bank remains hawkish Norges Bank’s decision to leave its policy rate unchanged at today’s meeting, at 4.5%, was never in doubt. However, we still suspect that continued declines in inflation will allow it to start cutting... 15th August 2024 · 3 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (August 2024) The Antipodean central banks will tread different paths when it comes to policy setting in the near term. With the New Zealand economy in a tailspin and inflation well on its way to target, the RBNZ... 15th August 2024 · 1 min read
Europe Economics Update Riksbank to cut rates with more on the way Since the Riksbank’s last meeting in June, Swedish inflation and activity data have been weaker than policymakers expected. We think this will encourage them to cut the key policy rate from 3.75% to 3... 14th August 2024 · 5 mins read
UK Economics Rapid Response UK Consumer Prices (Jul. 2024) The smaller-than-expected rise in CPI inflation from 2.0% in June to 2.2% in July (consensus forecast 2.3%, Capital Economics 2.1%, Bank of England 2.4%) and the sharp fall in services inflation from... 14th August 2024 · 3 mins read
Australia & New Zealand Economics Update RBNZ will loosen policy aggressively The RBNZ began its easing cycle with a 25bp rate cut at its meeting today. Although the Bank appeared to strike a cautious tone about further policy easing, we think it will cut rates more... 14th August 2024 · 3 mins read
Latin America Economics Focus Elevated housing inflation to keep Banxico hawkish Housing inflation has become an increasingly important driver of core services inflation in Mexico – a key concern of the central bank, Banxico. And we think that robust household income growth and a... 13th August 2024 · 13 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q2 2024) The RBA probably won’t read too much into the fact that annual wage growth stalled last quarter. A gradual loosening of the labour market should ensure that wage pressures do ease in the quarters... 13th August 2024 · 3 mins read
Canada Economics Weekly Bank’s balancing act weighs risks on both sides With the Summary of Deliberations this week confirming that the Bank of Canada is putting more weight on the downside risks, we feel confident that the Bank will continue to cut interest rates at each... 9th August 2024 · 5 mins read
