Underlying inflation trend and inertia: 3.9 percentage points for 2024 and 3.5ppt for 2025. Food prices: 1.6ppt for 2024 and ...

Finance Minister Lan Fo’an noted that the outstanding scale of hidden debt was around RMB14.3tn; with the measures approved ...

Trump would likely try to counter any strength in oil prices as a result of this by pressuring OPEC+ to increase output. This ...

A large portion of the election move in the dollar has been unwound. That, to us, looks more like a positioning adjustment ...

The BoE and Fed delivered largely anticipated cuts, but were reluctant to provide more guidance. Treasury and Gilt yields ...

A negative sentiment shock in the wake of Trump's victory is likely to depress eurozone growth over the winter ...

British 10-year government bond yields have risen almost as far as in the US since the start of October on budget concerns ...

The US Fed has cut its policy rate by 25bp. They acknowledge that policy remains restrictive and that further cuts are likely ...

We expect oil and European gas prices to fall throughout 2025, with both balances looking more comfortable. The macro and ...

Thursday’s NBP press conference hasn’t changed our conclusions from yesterday’s press release. The committee’s stance has ...

The Bank of Japan will continue on its path of policy normalisation, supported by sustained inflationary pressures and a ...

With so many crosswinds to deal with, market rates have decided to rise, especially in the US. We find there is more room for ...