Japan Rapid Response Bank of Japan Meeting (Oct. 25) The Bank of Japan signaled continued concerns about the impact of higher US tariff when keeping policy settings unchanged today and we’re sticking to our forecast that the next rate hike will only... 30th October 2025 · 2 mins read
China Economics Update PBOC’s return to bond trading signals renewed easing The PBOC’s bond trading operations were initially envisaged as a tool to limit declines in yields. But, alongside policy rate cuts, they are likely to be used to guide yields lower over the coming... 30th October 2025 · 4 mins read
US Economics Update Fed cuts and ends QT, but further loosening not guaranteed The Fed cut its policy rate by an additional 25bp today, to between 3.75% and 4.00%, but the vote was a little more balanced than we had expected, with dissents in both directions, and Chair Jerome... 29th October 2025 · 3 mins read
US Rapid Response US Fed Policy Announcement (Oct) The Fed cut its policy rate by an additional 25bp today, to between 3.75% and 4.00%, but the vote was a little more balanced than we had expected. While Trump-appointee Stephen Miran again voted for a... 29th October 2025 · 2 mins read
Europe Economics Update Riksbank on hold over coming quarters The Riksbank will keep the policy rate at 1.75% next week and, despite the recent strong economic data, will continue to say that the policy rate will stay at its current level “for some time to come... 29th October 2025 · 4 mins read
Canada Economics Update Bank of Canada cuts but thinks it has done enough With the Bank of Canada’s decision to cut widely anticipated, the key development today was the signal that it now thinks the policy rate is “at about the right level to keep inflation close to 2%... 29th October 2025 · 3 mins read
Emerging Markets Financial Risk Monitor EM Financial Risk Monitor (Oct. 2025) EM financial markets have continued to perform well in the past quarter, with currencies holding firm against the US dollar and sovereign bond spreads narrowing in many places. This has been supported... 29th October 2025 · 1 min read
Canada Rapid Response Bank of Canada Policy Announcement (Oct. 2025) With the Bank of Canada’s decision to cut today widely anticipated, the key development was that it signalled that it now thinks the policy rate is “at about the right level to keep inflation close to... 29th October 2025 · 2 mins read
Africa Chart Pack Africa Chart Pack (Oct. 2025) Our Africa Chart Pack has been updated with the latest data and our analysis of recent developments. GDP growth across Sub-Saharan Africa is set to accelerate over the next couple of years supported... 29th October 2025 · 0 mins read
BoE Watch Skipping a cut With CPI inflation almost double the 2.0% target and the Budget in a few weeks’ time, we think that a narrow majority of the Bank of England’s Monetary Policy Committee will vote to keep interest... 29th October 2025 · 7 mins read
RBA Watch RBA will remain on hiatus until Q3 2026 The RBA will leave its cash rate unchanged at 3.6% on 4th November. And with inflation proving stubborn, the Bank is likely to remain on hold until the second half of next year. That said, a prolonged... 29th October 2025 · 8 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q3 2025) With inflation vastly overshooting the RBA’s forecasts, the Bank won’t cut interest rates at its November meeting and the chances that it won’t loosen policy any further are rising. 29th October 2025 · 2 mins read
US Economics Update The Treasury forces the Fed's hand on QT If the Fed does decide to call time on its quantitative tightening (QT) this week it will be responding to the Treasury’s efforts to rebuild its cash reserves after the debt ceiling was raised this... 28th October 2025 · 4 mins read
Latin America Chart Pack Latin America Chart Pack (Oct. 2025) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Latin American economies fared poorly in Q3 and we think that headwinds ranging... 28th October 2025 · 1 min read
Global Economics Chart Pack Global Economics Chart Pack (Oct. 2025) The latest data suggest that global GDP growth picked up to over 3% in Q3. World trade continues to shrug off US tariffs, global industry has been resilient, and lower interest rates have supported a... 28th October 2025 · 1 min read
Europe Economics Update ECB Bank Lending Survey (Q3 2025) The ECB’s latest Bank Lending Survey, published this morning, suggested that mortgage demand in the euro-zone continues to be strong. But households remain reluctant to borrow to boost their... 28th October 2025 · 2 mins read
