Bank of Japan Watch Bank of Japan will hike rates again in April Provided that crude oil prices don’t rise much further, their recent increase won’t lift inflation to levels that the Bank of Japan would find intolerable. But with underlying inflation holding up... 12th March 2026 · 8 mins read
RBA Watch RBA will deliver back-to-back hikes in March and May We expect the Reserve Bank of Australia to raise rates by 25bp at its meeting ending on 17th March. The conditions for a sustained acceleration in inflation were in place even before the Iran conflict... 10th March 2026 · 8 mins read
Asia Rapid Response Korea Policy Rate (Feb. 2026) The Bank of Korea kept its policy rate on hold today at 2.50%, and we expect the central bank to maintain this stance until at least mid-year, before eventually restarting its easing cycle around the... 26th February 2026 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Feb.) The decision by the Hungarian central bank to cut its base rate by 25bp today, to 6.25%, will likely be followed by further interest rate cuts over the coming months. We will firm up our new forecast... 24th February 2026 · 2 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Feb. 26) The Bank of Israel’s (BoI’s) decision to leave its policy rate on hold at 4.00% today underscores its commitment to a cautious easing cycle despite softer recent inflation data. We continue to expect... 23rd February 2026 · 2 mins read
Asia Rapid Response Indonesia Interest Rate Announcement (Feb. 2026) 19th February 2026 · 2 mins read
Asia Rapid Response Philippines Interest Rate Announcement (Feb. 2026) 19th February 2026 · 2 mins read
US Rapid Response US Fed Minutes (Jan 27-28) The minutes of the Fed’s late January policy meeting are arguably a little more hawkish than expected with “several participants indicat[ing] that they would have supported a two-sided description of... 18th February 2026 · 2 mins read
Australia & New Zealand Economics Update RBNZ to hold fire on rate hikes until 2027 The new RBNZ Governor, Anna Breman, didn’t rock the boat at her inaugural meeting today. The Committee predictably left rates unchanged, while arguing that risks to the outlook remained two-sided... 18th February 2026 · 3 mins read
Australia & New Zealand Rapid Response RBNZ Meeting (Feb. 2026) Although the RBNZ remains cautious about the near-term outlook, it seems open to normalising policy settings before long. 18th February 2026 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Feb.) The National Bank of Romania left its policy rate on hold again today, at 6.50%, and despite the economy falling into recession at the end of last year, we think a return to monetary easing is still... 17th February 2026 · 2 mins read
Emerging Europe Rapid Response Russia Interest Rate Announcement (Feb.) 13th February 2026 · 2 mins read
Middle East & North Africa Rapid Response Egypt Interest Rate Announcement (Feb. 2026) The Central Bank of Egypt (CBE) cut its overnight deposit rate by 100bp, to 19.00%, and sounded more confident that inflation will be brought back to target later this year. This reinforces our view... 12th February 2026 · 2 mins read
Australia & New Zealand Economics Update RBNZ will start normalising policy in Q2 2027 The RBNZ will leave rates on hold at 2.25% at its meeting on 18th February. With the latest data suggesting that the balance of risks to the economic outlook has shifted somewhat to the upside, we’re... 11th February 2026 · 4 mins read
Middle East & North Africa Rapid Response Egypt Consumer Prices (Jan. 2026) The fall in Egypt’s headline inflation rate from 12.3% y/y in December to 11.9% y/y in January, its weakest pace since September and second weakest since Q1 2022, means that the Central Bank of Egypt... 10th February 2026 · 2 mins read
