Canada Economics Update Bank gives little away The Bank of Canada gave little away about the potential timing of interest rate cuts today, although its communications suggest that it is gaining a bit more confidence that inflation is moving in the... 6th March 2024 · 3 mins read
Middle East & North Africa Economics Update Egypt’s orthodox policy shift back underway with IMF The announcement of an agreement over a new IMF package for Egypt, coming on the back of the rate hike and devaluation earlier today, represents a shift towards more orthodox policymaking. While it is... 6th March 2024 · 4 mins read
Emerging Europe Rapid Response Poland Interest Rate Announcement (Mar.) The National Bank of Poland (NBP) left interest rates on hold again today, at 5.75%, and the scope for monetary easing this year looks relatively limited. We still think there is a possibility that a... 6th March 2024 · 2 mins read
Middle East & North Africa Rapid Response Egypt Interest Rate Hike & Devaluation The announcement minutes ago from the Central Bank of Egypt that it has devalued the pound and hiked interest rates by a bumper 600bp, to 27.25%, shows that policymakers are committed to the turn back... 6th March 2024 · 2 mins read
Japan Economic Outlook Negative rates will end but tightening cycle unlikely The economy isn’t in recession but GDP growth will slow towards trend this year. With a virtuous cycle between wages and prices now in full swing, we expect the Bank of Japan to end negative rates at... 6th March 2024 · 17 mins read
Bank of Canada Watch Bank continues to wait and see The Bank will be relieved to see the broad-based easing in core inflation in January, but is still likely to use its policy statement and press conference next week to emphasise the need for patience... 28th February 2024 · 7 mins read
Australia & New Zealand Economics Update RBNZ’s tightening bias is on borrowed time The Reserve Bank of New Zealand handed down another hawkish hold at its meeting today. However, with inflation on track to return to its 1-3% target by mid-year, we still expect the Bank to start... 28th February 2024 · 3 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Feb.) 27th February 2024 · 2 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Feb.) Israel’s central bank opted to leave interest rates on hold at 4.50% today – in contrast to the consensus view for a cut – and the communications continued to emphasise upside inflation risks... 26th February 2024 · 2 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Feb.) The hawkish statement accompanying the Turkish central bank’s decision to leave interest rates unchanged at 45.00% today supports our view that a shift to monetary easing remains some way off and we... 22nd February 2024 · 2 mins read
Emerging Europe Rapid Response Russia Interest Rate Announcement (Feb.) Russia’s central bank (CBR) left its policy rate on hold at 16.00% as expected today and we think that inflation pressures will prevent it from cutting interest rates for most of this year. 16th February 2024 · 2 mins read
Australia & New Zealand Economics Update RBNZ will continue to watch, worry, and wait With activity and inflation both softer than it had expected a few months ago, the RBNZ will likely stay put at its meeting at the end of the month. However, with a still-tight labour market fuelling... 14th February 2024 · 6 mins read
