Emerging Europe Rapid Response Israel Interest Rate Announcement (Nov.) The decision by the Bank of Israel to cut its policy rate by 25bp today, to 4.25%, was accompanied by communications which suggest that further monetary easing will be approached cautiously and will... 24th November 2025 · 2 mins read
Emerging Europe Economics Weekly Ukraine peace plan, Hungary rates, Israel’s recovery Details of the latest US-Russian led peace plan to end the war in Ukraine suggest that Washington is willing to make significant concessions to Moscow in negotiations, but the proposal is likely to... 21st November 2025 · 7 mins read
Middle East & North Africa Economics Update Egypt’s central bank still has room to cut in 2026 The Central Bank of Egypt’s (CBE’s) monetary easing cycle has been stop-start and with headline inflation rising in recent months, last night’s decision to keep interest rates on hold was not a... 21st November 2025 · 2 mins read
Africa Economics Update SARB cuts and strikes a dovish tone The South African Reserve Bank resumed its easing cycle today with a 25bp cut (to 6.75%) and the dovish accompanying communication increases our confidence that the SARB will cut the repo by another... 20th November 2025 · 3 mins read
US Rapid Response US Fed Minutes (October 28-29) The minutes of the FOMC meeting that concluded on 29 th October were unusually blunt, warning that “many” participants thought it would be appropriate to leave rates unchanged for the rest of the year... 19th November 2025 · 2 mins read
Asia Rapid Response Indonesia Interest Rate Announcement (Nov. 2025) Bank Indonesia left its benchmark interest rate on hold at 4.75% today for a second consecutive meeting but the accompanying communications remained dovish and we still think there’s scope for further... 19th November 2025 · 2 mins read
India Economics Update India’s core inflation unlikely to rise much further Headline inflation in India has fallen to a multi-decade low, but core inflation is currently at its highest in 18 months. But even if the economy continues to perform well as we expect, low household... 19th November 2025 · 4 mins read
Australia & New Zealand Economics Update RBNZ: One last cut for the road We expect the Reserve Bank of New Zealand to close out its easing cycle with a 25bp cut at its meeting ending on 26th November. Our sense is that the Bank will want to take out a final bit of... 19th November 2025 · 6 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Nov.) The Hungarian central bank left its base rate on hold, at 6.50% as expected today, and with pre-election fiscal loosening on the cards, the monetary easing cycle looks like it may stay paused for... 18th November 2025 · 2 mins read
Australia & New Zealand Rapid Response RBA Minutes (Nov. 2025) The minutes of the RBA’s November meeting reinforce the notion that the Bank will remain in wait and watch mode in the near term. While we still expect it to cut rates by another 50bp late next year... 18th November 2025 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Nov.) The decision by the National Bank of Romania (NBR) to leave its policy rate on hold today, at 6.50%, came as no surprise, and a return to monetary easing is still some way off. Our current forecast is... 12th November 2025 · 2 mins read
India Rapid Response India Consumer Prices (Oct. 25) India’s headline consumer price inflation fell to a near 26-year low in October and with inflation set to remain well below the 4% target over the coming quarters, we continue to expect the RBI to... 12th November 2025 · 2 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Nov.) Mexico’s central bank (Banxico) cut interest rates by another 25bp, to 7.25%, today but the shift in its forward guidance suggests policymakers are now more cautious about committing to further rate... 6th November 2025 · 2 mins read
UK Economics Update A pause in BoE interest rate cuts, not the end The Bank of England stressed that today’s decision to leave interest rates at 4.00% is a pause in the downward trend in interest rates rather than the end. With a tightening in fiscal policy in the... 6th November 2025 · 4 mins read
Emerging Europe Rapid Response Czech Interest Rate Announcement (Nov.) The decision by the Czech National Bank to leave its policy rate on hold today, at 3.50%, was widely expected by analysts, and policy settings are likely to remain unchanged next month. That said, in... 6th November 2025 · 2 mins read
UK Economics Rapid Response Bank of England Policy Announcement (6th Nov. 2025) The Bank of England stressed that today’s decision to leave interest rates at 4.00% is a pause in the downward trend in interest rates rather than the end. With a tightening in fiscal policy in the... 6th November 2025 · 3 mins read
