Asia Economics Weekly Growth rebounds, but inflation remains weak With Q3 GDP figures now published for most of the major economies in Emerging Asia, the region looks to have grown by 4.6% y/y in the third quarter – a full 1.5%-points faster than just 18 months ago... 24th November 2017 · 1 min read
Africa Economics Update SARB takes further easing off the table The South African Reserve Bank (SARB) made it pretty clear at today’s MPC meeting, at which the policy rate was left unchanged at 6.75%, that any additional easing is off the cards. As a result, we... 23rd November 2017 · 1 min read
Commodities Update Is monetary policy becoming less relevant? The tightening of global monetary policy over the next few years represents a headwind to commodity prices, especially precious metals. However, the reduction in equilibrium interest rates over the... 22nd November 2017 · 1 min read
Latin America Economic Outlook Growth to accelerate further in 2018 We expect economic growth in most countries in Latin America to accelerate further in 2018. Of the region’s major economies, we anticipate a pick-up in growth next year in Brazil, Mexico, Colombia... 22nd November 2017 · 1 min read
Emerging Markets Economics Chart Pack More to EM rebound than trade The latest data continue to show a broad acceleration in GDP growth across most of the emerging world. A common thread has been a pick-up in exports, with volumes growth now up on the start of the... 22nd November 2017 · 1 min read
Africa Data Response South Africa CPI (Oct.) The decline in South African headline inflation last month, to 4.8% y/y, and softening core price pressures may temper expectations in the market for interest rate hikes in the next few months. But... 22nd November 2017 · 1 min read
India Chart Pack Bank recapitalisation pushes equities to fresh highs The surge in Indian equities since the start of the year has continued over the past month, with the benchmark Sensex stock index hitting an all-time high in early November. The latest leg up has been... 22nd November 2017 · 1 min read
Emerging Europe Economics Update Hungary’s National Bank missing the bigger picture The Hungarian MPC left both its three-month and overnight deposit rates on hold today but the Council announced unconventional measures to ease policy, including interest rate swaps and a mortgage... 21st November 2017 · 1 min read
Latin America Economics Update Brazil’s current account improvement unlikely to last The narrowing in Brazil’s current account deficit over the past couple of years has been driven almost entirely by a recession-induced collapse in imports. As a result, the deficit is likely to widen... 17th November 2017 · 1 min read
Global Economics Update Households mostly well placed for policy tightening Although their finances will come under some pressure as interest rates rise, households in most advanced economies should be able to cope. Debt burdens are low by past standards and, provided that... 17th November 2017 · 1 min read
Canada Economics Weekly Bank of Canada already doubting itself Deputy Governor Carolyn Wilkin’s speech earlier this week suggested that the Bank of Canada is already beginning to doubt its earlier upbeat assessment of the economic outlook, which was behind its... 17th November 2017 · 1 min read
Asia Economics Weekly Recovery in Thailand unlikely to lead to policy tightening Thailand’s economy has rebounded strongly over the past year, with Q3 GDP figures due to be published on Monday likely to show the country growing at its strongest pace in over four years. The... 17th November 2017 · 1 min read
Japan Economics Weekly Is monetary easing doing more harm than good? Some commentators are arguing that the costs of continued loose monetary policy outweigh the benefits as house and stock prices have soared and banks’ lending margins have slumped. By contrast, we... 17th November 2017 · 1 min read
Australia & New Zealand Economics Weekly Lessons on unemployment and inflation If the Reserve Bank of Australia were to learn from its recent forecasting failures, it would conclude that the unemployment rate will continue to fall by more than it expects but that underlying... 17th November 2017 · 1 min read
Middle East & North Africa Economics Update Egypt holds rates, but December cut on the cards Today’s decision by the Central Bank of Egypt to keep interest rates on hold was not a major surprise given that the recent falls in inflation have been fairly modest. But data to be released in the... 16th November 2017 · 1 min read
Nordic & Swiss Chart Pack Nordic house price inflation slowing House price inflation in several Nordic economies is slowing, and in some cases sharply. In Sweden housing inflation fell to 6.7% in October, its slowest in four years. And in Stockholm, where prices... 16th November 2017 · 1 min read
