Europe Economics Update Norges Bank still hawkish The Norges Bank left rates unchanged today and shifted its guidance only very slightly in a dovish direction. Whereas the Bank does not expect to cut rates until Q1 next year, we think it is likely to... 19th September 2024 · 3 mins read
Capital Daily Is the easing cycle already priced in? Markets barely reacted to the Fed’s 50bp rate cut, on balance, and our base case is that further cuts won’t move the needle too much either. In view of the broader interest we are sending this early... 19th September 2024 · 4 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Sep. 2024) 18th September 2024 · 2 mins read
US Economics Update Fed opts to start loosening cycle with a bang The Fed did cut its policy rate by a bigger 50bp today, to between 4.75% and 5.00%, but the vote was not unanimous and the new rate projections point to smaller 25bp cuts at the remaining two FOMC... 18th September 2024 · 3 mins read
US Rapid Response Fed Policy Announcement (Sep) The Fed did cut its policy rate by a bigger 50bp, to between 4.75% and 5.00%, but the vote was not unanimous and the new rate projections only shows an additional 50bp of cuts between now and the end... 18th September 2024 · 2 mins read
Europe Economics Update Riksbank to continue loosening policy this year Unlike their counterparts in the Fed, policymakers at the Riksbank have ruled out making a bumper 50bp rate cut anytime soon. Instead, they are likely to cut their key policy rate by 25bp at next week... 18th September 2024 · 5 mins read
Africa Economics Update South Africa Activity Data (Jul. '24) South Africa’s economy is enduring a clear divergence in its economic recovery. Consumer-facing sectors appear to be performing better but industry, particularly mining, continues to struggle. We... 18th September 2024 · 2 mins read
Europe Economic Outlook Economy slowing again The euro-zone appears to have lost some momentum and is likely to remain sluggish in the coming quarters. The core economies are the weakest, led by Germany which is probably in another technical... 18th September 2024 · 28 mins read
India Economic Outlook Rate cuts on the horizon The economy is cooling but remains primed to grow by 6-6.5% per year between 2024 and 2026, which would put India on course to become the world’s third-largest economy in the next couple of years... 18th September 2024 · 16 mins read
Africa Data Response South Africa Consumer Prices (Aug' 24.) The dip in South Africa’s headline inflation rate, to 4.4% y/y, in August and the further decline in core inflation all but seals the deal on the SARB start an easing cycle tomorrow. We have pencilled... 18th September 2024 · 2 mins read
