Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (Aug. 2025) Our View: The Q2 GDP figures out so far point to robust growth across much of the emerging world, but we think growth will soften over the second half of the year. While growth across much of Asia... 14th August 2025 · 1 min read
Middle East & North Africa Economics Weekly MENA Weekly: Egypt’s central bank governor race & rate cuts, Dubai’s boom The term of the incumbent Central Bank of Egypt governor, Hassan Abdalla, is due to expire next week and, while it is not yet clear if Mr. Abdalla will be kept on or a successor appointed, it will be... 14th August 2025 · 6 mins read
RBNZ Watch RBNZ’s easing cycle has further to go The RBNZ is all but certain to cut rates by 25bp at its meeting ending on August 20 th. Although inflation is set to remain in the upper half of the Bank’s 1-3% target band in the near-term, we... 13th August 2025 · 5 mins read
Australia & New Zealand Economics Update RBA will lower cash rate to 2.85% by mid-2026 The RBA endorsed market expectations of further easing when it lowered the cash today and we think the Bank will ultimately slash rates to 2.85%. 12th August 2025 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (August 25) 12th August 2025 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Aug.) The National Bank of Romania (NBR) left its policy rate on hold today, at 6.50%, as expected, and its communications suggest a restart of the easing cycle remains some way off. We expect rates to... 8th August 2025 · 2 mins read
Europe Economics Weekly Europe Weekly: More US tariff threats; construction sector Provided it stands the test of time, the deal agreed between the US and EU means that the bloc should be exempt from the 100% tariff that President Trump has threatened on semiconductor imports, as... 8th August 2025 · 7 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Aug.) Mexico’s central bank (Banxico) lowered its policy rate by a smaller 25bp, to 7.75%, as expected at today’s meeting and the accompanying communications suggest that cuts are likely to continue in... 7th August 2025 · 2 mins read
UK Economics Update Rates cut to 4.00%, but BoE appears in no rush to cut again soon Although the Bank of England cut interest rates today by 25 basis points (bps), from 4.25% to 4.00%, it showed some signs that it may cut rates slower and/or not as far as our forecast of a decline to... 7th August 2025 · 4 mins read
UK Economics Rapid Response Bank of England Policy Announcement (7th Aug. 2025) Although the Bank of England cut interest rates today by 25 basis points (bps), from 4.25% to 4.00%, it showed some signs that it may cut rates slower and/or not as far as our forecast of a decline to... 7th August 2025 · 3 mins read
India Economics Update RBI’s easing cycle at an end The Reserve Bank of India (RBI) kept the repo rate on hold at 5.50% and maintained its “neutral” policy stance today, despite India already being hit by a 25% US tariff with the potential for it to... 6th August 2025 · 3 mins read
RBA Watch RBA Watch: Despite its cautious tone, RBA will cut rates to 2.85% With underlying inflation within striking distance of the midpoint of the RBA’s 2-3% target, the Board should have no qualms about cutting rates by 25bp at its meeting next Tuesday. Although the Bank... 5th August 2025 · 8 mins read
BoE Watch BOE Watch: Unlike the ECB, the BoE still has much further to go The Bank of England will almost certainly cut interest rates by 25 basis points for the fifth time in this cycle, from 4.25% to 4.00% on Thursday 7th August. Our sense is that the upside risks to... 31st July 2025 · 6 mins read
Japan Economics Update Bank of Japan opening door to year-end rate hike While the Bank of Japan turned a touch more optimistic today, it still sees trade tensions as a major headwind. However, we still believe that policymakers are too pessimistic about the inflation... 31st July 2025 · 3 mins read
