Producer prices extend their decline with broad price falls
Duncan WrigleyChina+
China's headline consumer inflation buoyed by holiday travel and spending; underlying trend still weak for both consumer and producer prices
Duncan WrigleyChina+
Tariffs worries continue to weigh on confidence.
Oliver Allen (Senior US Economist)US
Positive near-term revisions offset the subpar January print; a March easing is off the table.
Samuel TombsUS
- In one line: A larger cut; improving inflation outlook allows for bolder action.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A larger cut; improving inflation outlook allows for bolder action.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A good start to the year, supporting further policy normalisation.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A good start to the year, supporting further policy normalisation.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Inflation spikes in January, driven by electricity tariffs.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Inflation spikes in January, driven by electricity tariffs.
Andrés Abadía (Chief LatAm Economist)Latin America
China’s foreign reserves rose in January, likely on the back of export front loading ahead of tariff risks
Duncan WrigleyChina+
In one line: Snapping back, but strength unlikely to continue.
Melanie Debono (Senior Eurozone Economist)Eurozone
In one line: Output stung by falling auto production; exports finish 2024 on a strong note.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- In one line: The first cut is finally here; expect at least one more by mid-year.
Miguel Chanco (Chief EM Asia Economist)Global
The RBI’s first cut is finally here; expect at least one more by mid-year
The impressive run-up in Philippine sales at end-2024 owes partly to short-lived tail
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- Banxico signals further rate cuts amid disinflation, economic slowdown and easing external pressures.
- The better inflation outlook, however, faces threats from US policy risk and domestic policy noise.
- The Board will likely cut rates to 8% this year, if President Trump doesn’t get in the way.
Andrés Abadía (Chief LatAm Economist)Latin America
- The RBI finally started its easing cycle, cutting the repo rate to 6.25% amid slowing GDP and CPI…
- …This should be followed by an immediate cut in April; the new Governor is more for ward-looking.
- The shift to a debt-to-GDP target from 2026/27 will still necessitate a further consolidation of the deficit.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- Attempts by the ECB to persuade markets to give up focusing on the neutral rate are laudable, but futile.
- The ECB’s own forecasts suggest that the policy rate should stabilise at neutral, wherever that is.
- EZ industrial production fell sharply in December, but we look for a solid rebound in January.
Claus Vistesen (Chief Eurozone Economist)Eurozone
