Latin America Data Response Brazil & Mexico Bi-Weekly CPI (Nov.) The further fall in Mexico’s headline inflation rate, to 8.1% y/y, in the first two weeks of November was driven by easing non-core price pressures. But core inflation picked up, which will strengthen... 24th November 2022 · 2 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Nov.) 24th November 2022 · 2 mins read
Emerging Markets Economics Update When will EM central banks turn to interest rate cuts? Monetary tightening cycles in EMs are advanced relative to DMs, and are now drawing to a close in many countries. Elevated inflation will mean that policy will stay tight over the coming months, but... 24th November 2022 · 4 mins read
Nordic & Swiss Economics Update Tightening cycle not yet finished This morning’s 75bp increase in the Riksbank’s policy rate was in line with expectations, and both the press statement and Monetary Policy Report are consistent with our view that policymakers will... 24th November 2022 · 3 mins read
Nordic & Swiss Rapid Response Sweden Riksbank Policy Meeting (Nov. 2022) 24th November 2022 · 2 mins read
Asia Economics Update Korea: one more rate hike left The Bank of Korea (BoK) today raised interest rates by a further 25bps (to 3.25%) and the accompanying hawkish statement suggests the tightening cycle still has a little further to run. We are... 24th November 2022 · 3 mins read
Emerging Markets Economics Chart Pack EM inflation has passed the peak Having surged for the best part of two years, EM inflation appears to have passed the peak in this cycle. Our measure of aggregate EM inflation dropped from 7.8% y/y in September to 7.4% y/y in... 23rd November 2022 · 9 mins read
UK Economics Update Revising down peak Bank Rate from 5.00% to 4.50% With fiscal policy no longer expected to be ultra-loose and some signs emerging that domestic price pressures will ease further ahead, we no longer expect the Bank of England to raise interest rates... 23rd November 2022 · 4 mins read
Africa Data Response South Africa Consumer Prices (Oct.) South Africa’s headline inflation rate picked up unexpectedly in October, to 7.6% y/y, and the jump in core inflation will be a particular worry for policymakers. Another 75bp hike in the repo rate... 23rd November 2022 · 2 mins read
Australia & New Zealand Economics Update RBNZ will probably lift rates to 5.5% The Reserve Bank of New Zealand hiked the overnight cash rate by 75bp as most had anticipated but signalled a much higher peak in the OCR than in August. We’re now forecasting another 75bp hike in... 23rd November 2022 · 3 mins read
Canada Economics Update What will the Bank make of the October CPI data? Although the annual rates of core inflation increased in October, we suspect the Bank of Canada will point to the declines in the 3-month annualised rates of CPI-trim and CPI-median to justify... 22nd November 2022 · 4 mins read
