Author: Editor
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Philippines Macro Brief: June 2025
US-Philippines trade negotiations continue, with the possibility of a deadline extension beyond 8th July now aired by both Trump and Bessent. The BSP cut interest rates again in June, having already made a 25bp cut in April. Inflation remains within the target range. Monetary Policy, Inflation & Interest Rates As mentioned in a prior report,…
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Russia Macro Brief: June 2025
For the first time since July 2023 the Central Bank of Russia cut interest rates, but a strong ruble is a double edged sword for Russia – with negative effects on exports, and in particular oil, being a real concern. That said, with current events in the skies over Iran already influencing the price of…
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Malaysia Macro Brief: June 2025
Malaysia’s macro landscape is shifting. The central bank is still holding the line on interest rates – but not without movement elsewhere. Liquidity has been loosened, downside risks are mounting and a dovish turn is starting to take shape. The Ringgit remains fragile, informal FX trading is quietly persisting and banks are still tightening cross-border…
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Chile Macro Brief: June 2025
Chile enters the second half of the year with resilience intact but pressure mounting. Inflation has edged down but remains above target, and the Central Bank is staying cautious. The peso has softened, regulatory reforms are gathering pace and labour market fragilities persist. Under the surface, vulnerabilities in infrastructure and cyber resilience are coming into…
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June 2025
Bangladesh is shifting gears. With growth slowing and elections looming, the interim government is under pressure to prove it can both govern and reform. Chief Advisor Yunus has floated February 2026 as a possible election date - but only if judicial cases are cleared and the reform agenda moves fast. Meanwhile, the economy has softened.………
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June 2025
Bangladesh is shifting gears. With growth slowing and elections looming, the interim government is under pressure to prove it can both govern and reform. Chief Advisor Yunus has floated February 2026 as a possible election date - but only if judicial cases are cleared and the reform agenda moves fast. Meanwhile, the economy has softened.………
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June 2025
Kazakhstan is not standing still. Under President Tokayev’s watch the country is expanding its regional reach, tightening internal control and accelerating economic reform – all while navigating a fast-shifting global environment. In the past month alone, it has hosted major summits with China and the EU, greenlit strategic nuclear partnerships, launched a new Golden Visa…
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June 2024
Kazakhstan is not standing still. Under President Tokayev’s watch the country is expanding its regional reach, tightening internal control and accelerating economic reform – all while navigating a fast-shifting global environment. In the past month alone, it has hosted major summits with China and the EU, greenlit strategic nuclear partnerships, launched a new Golden Visa…
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Vietnam Macro Brief: June 2025
A new decree to foster innovation within Vietnam’s banking and financial services, some developments with US trade negotiations, European sanctions against several Vietnamese companies trading with Russia – it has been a busy month for Vietnam. Policy & Regulatory Developments Effective from 1st July Decree No. 94/2025/ND-CP (or Decree 94) establishes a ‘Regulatory Sandbox’ for…
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Argentina Macro Brief: June 2025
Inflation is falling, reserves are rising and Argentina is entering a new phase of reform. Rates are now market-set, capital controls remain relaxed and a quiet push is underway to lure hidden savings back onshore. If momentum holds, Milei may not just steady the ship – he might actually start to turn it around.… Read…