Emerging Europe Rapid Response Poland Interest Rate Announcement (Sep.) The National Bank of Poland cut its policy rate by 25bp again today, to 4.75%, but we think that monetary easing over the coming year will be smaller than most anticipate. 3rd September 2025 · 2 mins read
Middle East & North Africa Rapid Response Egypt Interest Rate Announcement (Aug. ’25) The Central Bank of Egypt (CBE) cut its overnight deposit rate by a larger-than-expected 200bp, to 22.00%, and given our view that inflation will decline further over the rest of the year, we think... 28th August 2025 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Aug.) The Hungarian central bank left its base rate on hold again today at 6.50%, and we think that the scope for monetary easing ahead of parliamentary elections in April 2026 will be limited. While the... 26th August 2025 · 2 mins read
Middle East & North Africa Economics Weekly MENA Weekly: Abdalla stays on as rate decision looms, PIF Annual Report Hassan Abdalla’s term as Egypt’s central bank governor was renewed this week which bodes well for the ongoing shift to macro orthodoxy and broader structural reform. First up on his agenda will be... 21st August 2025 · 6 mins read
US Rapid Response US Fed Minutes (July 29-30) The minutes of the Fed’s late-July FOMC meeting reveal that there was no broader support for a rate cut beyond the two formal dissenters – Trump appointees Michelle Bowman and Christopher Waller... 20th August 2025 · 2 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Aug.) 20th August 2025 · 2 mins read
Asia Rapid Response Indonesia Interest Rate Announcement (Aug. 2025) Bank Indonesia (BI) cut its benchmark 7-day repo reverse repo rate by 25bp to 5.00% today and, with inflation subdued and GDP growth likely to slow, we think there’s scope for more easing over the... 20th August 2025 · 2 mins read
Australia & New Zealand Economics Update RBNZ will cut rates to 2.5% by year-end When the RBNZ slashed rates by 25bp today, it effectively endorsed our long-held forecast for a below-consensus terminal rate of 2.5%. However, with the Bank judging the balance of risks to the... 20th August 2025 · 3 mins read
Australia & New Zealand Rapid Response RBNZ Meeting (Aug. 2025) When the RBNZ slashed rates by 25bp today, it clearly signalled that there is more easing in the pipeline. Accordingly, we’re more confident than ever in our below-consensus terminal rate forecast of... 20th August 2025 · 2 mins read
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
