Japan Economics Weekly

Better rice harvest won’t result in price plunge

The renewed jump in rice prices in recent months probably reflects the depletion of inventories ahead of this year’s harvest. If rice output picks up as strongly as the government is anticipating...

7th November 2025 · 3 mins read

Latin America Rapid Response

Mexico Interest Rate Announcement (Nov.)

Mexico’s central bank (Banxico) cut interest rates by another 25bp, to 7.25%, today but the shift in its forward guidance suggests policymakers are now more cautious about committing to further rate...

6th November 2025 · 2 mins read

UK Economics Update

A pause in BoE interest rate cuts, not the end

The Bank of England stressed that today’s decision to leave interest rates at 4.00% is a pause in the downward trend in interest rates rather than the end. With a tightening in fiscal policy in the...

6th November 2025 · 4 mins read

Emerging Europe Rapid Response

Czech Interest Rate Announcement (Nov.)

The decision by the Czech National Bank to leave its policy rate on hold today, at 3.50%, was widely expected by analysts, and policy settings are likely to remain unchanged next month. That said, in...

6th November 2025 · 2 mins read

Europe Chart Pack

Europe Chart Pack (November 2025)

We expect euro-zone GDP growth to remain fairly slow in the coming years. Germany’s fiscal stimulus should provide a temporary and fairly modest boost, and we don’t think it will do much to raise...

6th November 2025 · 1 min read

UK Economics Rapid Response

Bank of England Policy Announcement (6th Nov. 2025)

The Bank of England stressed that today’s decision to leave interest rates at 4.00% is a pause in the downward trend in interest rates rather than the end. With a tightening in fiscal policy in the...

6th November 2025 · 3 mins read

Europe Rapid Response

Norges Bank Policy Announcement (November 2025)

Today’s decision to leave the policy rate at 4.0% came as no surprise and policymakers are clearly in no rush to cut interest rates again. We have pencilled in the next reduction for March, but the...

6th November 2025 · 2 mins read

Asia Rapid Response

Malaysia: Monetary Policy Meeting (November 2025)

6th November 2025 · 2 mins read

Japan Chart Pack

Japan Chart Pack (Nov. 25)

Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. GDP growth will slow from its current above-trend rate to a more sustainable pace. However, with...

6th November 2025 · 1 min read

Latin America Rapid Response

Brazil Interest Rate Announcement (Nov. 2025)

The Brazilian central bank’s hawkish statement accompanying the decision to leave the Selic rate at 15.00% all but ends any hope of an interest rate cut before year-end. Our new base case is that the...

5th November 2025 · 2 mins read

Emerging Europe Rapid Response

Poland Interest Rate Announcement (Nov.)

The National Bank of Poland cut its policy rate by 25bp today, to 4.25%, but we think the monetary easing cycle doesn’t have much further to go. We’re maintaining our forecast for only one more 25bp...

5th November 2025 · 2 mins read

Europe Rapid Response

Riksbank Policy Announcement (November 2025)

While the Riksbank left its policy rate at 1.75% and its forward guidance unchanged today, the economic data have improved significantly over the past few months and have given us greater confidence...

5th November 2025 · 3 mins read

Australia & New Zealand Economics Update

RBA will cut rates to 3.1% by end-2026

When the RBA left policy settings unchanged at its meeting today, it struck a rather even-handed tone on the risks to its outlook. Although an extended pause appears likely given the ongoing strength...

4th November 2025 · 3 mins read

Australia & New Zealand Rapid Response

Reserve Bank of Australia Meeting (Nov. 2025)

When the Reserve Bank of Australia left policy settings unchanged at its meeting today, it remained even-handed about the risks to its outlook. Although an extended pause appears likely, we still...

4th November 2025 · 2 mins read

Global Economics Update

Explaining our non-consensus views on central banks

We recently hosted an online Drop-In session to review the latest Fed and ECB decisions and preview the Bank of England’s November meeting. (Recording available here.) This Update provides answers to...

3rd November 2025 · 6 mins read