UK Economics Rapid Response Bank of England Policy Announcement (18th Dec. 2025) For updated and more detailed analysis see here. The Bank of England struck a slightly hawkish tone while cutting interest rates from 4.00% to 3.75% today. But with inflation set to fall further than... 18th December 2025 · 3 mins read
Asia Rapid Response Taiwan Interest Rate Announcement (Dec.) Taiwan’s central bank (CBC) left its main policy rate on hold today (at 2.00%) and, with growth likely to remain strong and inflation set to stay low, policy settings look set to be left unchanged... 18th December 2025 · 2 mins read
Asia Rapid Response Indonesia Interest Rate Announcement (Dec. 2025) Bank Indonesia left its benchmark interest rate on hold at 4.75% today for a third consecutive meeting but, once again, the accompanying communications were dovish and we still think there’s scope for... 17th December 2025 · 2 mins read
Asia Rapid Response Thailand Interest Rate Announcement (Dec. 2025) Thailand’s central bank (BoT) today cut interest rates by a further 25bps, to 1.25%, and we doubt this marks the end of the easing cycle. With growth struggling and price pressures very low, we expect... 17th December 2025 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Dec.) The decision by the Hungarian central bank (MNB) to leave its base rate on hold today, at 6.50%, was widely expected and, despite a near-term dip in inflation, we expect rates to stay on hold until... 16th December 2025 · 2 mins read
Bank of Japan Watch BoJ will lift rates to 1.75% by 2027 The Bank of Japan will almost certainly lift its policy rate to 0.75% at its upcoming meeting. And while government subsidies will push headline inflation below 2% next year, the strength of... 12th December 2025 · 8 mins read
BoE Watch Balance to tip in favour of a rate cut We think the balance will tip in favour of a 25 basis point rate cut to 3.75% on Thursday 18th December. But it will be close. And with Bank Rate now within the Bank’s 2-4% estimate of the neutral... 11th December 2025 · 6 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Dec. 2025) The decision by the Turkish central bank to accelerate the pace of its easing cycle today with a 150bp cut to its one-week repo rate, to 38.00%, was accompanied by relatively hawkish communications... 11th December 2025 · 2 mins read
ECB Watch Risks skewed towards ECB cuts in 2026 Stronger-than-expected economic data and recent comments by Isabel Schnabel have pushed up investors’ interest rate expectations for the coming years. Christine Lagarde will acknowledge the... 11th December 2025 · 7 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Dec. 2025) Brazil’s central bank continued to strike a hawkish tone as it left interest rates on hold again at 15.00% today. There was little in the statement to suggest that policymakers are preparing for a... 10th December 2025 · 2 mins read
US Economics Update Fed softens blow of hawkish cut with asset purchase restart The FOMC overcame its divisions to vote for another interest rate cut today, albeit with three dissenting votes. The hawks influenced the accompanying policy statement, which notes that the FOMC will... 10th December 2025 · 3 mins read
US Rapid Response Fed Policy Announcement (Dec 2025) The FOMC overcame its divisions to vote for another interest rate cut today, albeit with three dissenting votes. The hawks on the Committee had a clear influence on the accompanying policy statement... 10th December 2025 · 3 mins read
Canada Economics Update Bank tempers hike expectations amid stronger labour market The Bank of Canada kept its key policy rate at the bottom of its 2.25% to 3.25% neutral range estimate today, as expected. While there was recognition from policymakers that the labour market had... 10th December 2025 · 3 mins read
Middle East & North Africa Rapid Response Egypt Consumer Prices (Nov. 2025) Egypt’s headline inflation rate eased a touch from 12.5% y/y in October to 12.3% y/y in November despite further rent rises and fuel subsidy cuts. Even so, given the Central Bank of Egypt’s own... 10th December 2025 · 2 mins read
Australia & New Zealand Economics Update RBA will lift rates to 4.10% by mid-2026 The RBA sounded concerned about upside risks to inflation when it left its policy rate unchanged today and we now believe that its next move will be a rate hike as soon as February. 9th December 2025 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Dec. 2025) The RBA sounded concerned about upside risks to inflation when it left its policy rate unchanged today and we now believe that its next move will be rate hike. 9th December 2025 · 2 mins read
