Author: Editor
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Vietnam Macro Brief: November 2025
October total exports data remains encouraging – Vietnam remains on course to smash 2024 figures. October’s data shows us a small decline in US exports growth, but not overly significant. We see the government’s efforts to stymie VND depreciation and stabilise the exchange rate paying off. As more exports data becomes available the picture becomes…
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Philippines Macro Brief: November 2025
Inflation holds steady at 1.7%. Hints of a base rate cut in December. Some significant drops in export volumes of key manufactured goods. The doldrums continue for the Philippines, and our GDP growth forecast by year end remains unchanged – even should, as we suspect they will, the central bank cut the base rate by…
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Chile Macro Brief: November 2025
Runoff risk kicks in: Chile’s first round has delivered the most polarised runoff in decades with Jara vs. Kast on 14th December. Markets are shifting from quiet confidence to cautious hedging. Policy on hold: The Central Bank kept rates at 4.75% at its October meeting. Core inflation is still sticky and the next move hinges…
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November 2025
A political bombshell landed this month as Sheikh Hasina was sentenced to death in absentia for her role in last year’s crackdown. BNP says the upcoming February elections offer a rare shot at resetting the country’s democratic compass. The banking system remains fragile - with five Islamic lenders now being forcibly merged - while exports…
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November 2025
A political bombshell landed this month as Sheikh Hasina was sentenced to death in absentia for her role in last year’s crackdown. BNP says the upcoming February elections offer a rare shot at resetting the country’s democratic compass. The banking system remains fragile - with five Islamic lenders now being forcibly merged - while exports…
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November 2025
Kazakhstan enters the final stretch of 2025 with control as its central theme. Tokayev is sequencing alliances with surgical precision, the economy is pivoting between external pressure and internal reform and the state’s digital and security infrastructure is locking into place. Arbitration risks may be rising but so too is institutional depth.…… Read the rest
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November 2025
Kazakhstan enters the final stretch of 2025 with control as its central theme. Tokayev is sequencing alliances with surgical precision, the economy is pivoting between external pressure and internal reform and the state’s digital and security infrastructure is locking into place. Arbitration risks may be rising but so too is institutional depth.…… Read the rest
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Indonesia Macro Brief: November 2025
Inflation has ticked up yet again, now the highest since April 2024. Bank Indonesia due to meet on 19th Nov. Most analyst say they’ll either hold the benchmark rate or cut by another 0.25%. Yet, with inflation nearing the top end of BI’s target range, we’re more confident of either a further hold or, if…
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Taiwan Macro Brief: November 2025
Taiwan Macro Brief: November 2025 Steady surface, shifting undercurrents Taiwan’s macro story remains one of balance but we are seeing subtle changes in tone, tool‑use and regulatory posture. The Central Bank of the Republic of China (Taiwan) (CBC) hasn’t budged from its 2% benchmark rate but the message has grown more cautious.… Read the rest
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Brazil Macro Brief: November 2025
Brazil’s exports and trade surplus continue to go from strength to considerable strength. Selic rate held at 15%, but falling inflation suggests potential for a reduction by year end. The US$1.76Bn trade deficit with the US is a hollow victory for Trump – yes, Brazil is indeed buying more from the US than it sells…