Australia & New Zealand Economics Update RBA hikes again, but sees risks as more two-sided The RBA’s decision to hike rates again at its meeting today came as little surprise. In her post-meeting press conference, Governor Bullock argued that with policy settings mildly restrictive again... 5th May 2026 · 4 mins read
Capital Daily Tech stocks versus oil, bonds versus central banks Tech stocks have continued to power ahead despite renewed concerns around the war, but we don’t think they’re completely immune to it. Meanwhile, central bank inaction could be a threat to bond... 5th May 2026 · 6 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (May 2026) Given the potential for incoming inflation data to surprise to the upside of the RBA’s expectations, we think further policy tightening remains likely. 5th May 2026 · 3 mins read
Japan Chart Pack Japan Chart Pack (May 26) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The government’s decision to cap gasoline prices means that inflation won’t rise far above the BoJ’s... 5th May 2026 · 1 min read
Australia & New Zealand Rapid Response Australia Household Spending (Mar./Q1 2026) With household spending holding up well in the face of the oil price shock, the RBA is unlikely to have major qualms about tightening policy further. 5th May 2026 · 2 mins read
Global Economics Update Central banks indicate rising risk of near-term hikes We recently hosted an online Drop-In session to review the latest Fed, ECB and Bank of England decisions and what their communications imply for the future. (Recording available here.) This Update... 1st May 2026 · 6 mins read
Asia Economics Weekly Will Korean consumers continue to shrug off energy spike? March retail sales in Korea rose strongly in both m/m and y/y terms, suggesting households have largely shrugged off the Middle East crisis, with inflation kept in check despite higher global energy... 1st May 2026 · 8 mins read
India Economics Weekly Aviation sector under increasing stress Unlike the cost of automotive fuel, aviation fuel costs in India have been rising since the start of the Iran war, particularly for international flights. With airlines' margins under pressure - and... 1st May 2026 · 3 mins read
China Economics Weekly Some signs of easing manufacturing overcapacity The protection that Chinese firms are receiving from high global energy prices, alongside surging overseas chip demand, have pushed up profit margins in Chinese industry and resulted in a slight... 1st May 2026 · 5 mins read
Australia & New Zealand Economics Weekly Plenty of inflation still in the pipeline for Australia While the pickup in Australia’s inflation rate in Q1 fell short of the analyst consensus, it remains far too high for the RBA’s comfort. Moreover, with the indirect effects of higher energy prices on... 1st May 2026 · 5 mins read
Australia & New Zealand Economics Update The worst is yet to come for Australia’s housing market Australian house prices all but ground to a halt last month. And with affordability set to deteriorate further in the near term, we expect house prices to fall outright before long. Much to the RBA’s... 30th April 2026 · 4 mins read
Emerging Markets Financial Risk Monitor EM Financial Risk Monitor (Apr. 2026) Our proprietary EM financial risk indicators show that economic and financial vulnerabilities in most EMs were low coming into the energy shock. Our aggregate EM currency crisis risk indicator remains... 30th April 2026 · 8 mins read
Capital Daily Policymakers do their part, but oil prices still driving bond markets Policymakers talking (and, in Japan, acting) tough may help to shore up market confidence and buy time until a resolution to the crisis in the Gulf materialises. But financial markets remain in large... 30th April 2026 · 4 mins read
Global Economics Focus China’s rising trade surplus and its global implications China’s trade surplus has reached a record 1% of world GDP and looks set to rise further. It’s been driven, in part, by a surge in China’s exports – China has gained export market share across both... 30th April 2026 · 18 mins read
China Economics Update China’s startling debt build-up is continuing China is now more indebted relative to its GDP than the US, euro-zone and UK and the debt burden is still rising relentlessly. The risk that runaway debt triggers a crisis in China’s state-dominated... 30th April 2026 · 6 mins read
