Author: Editor
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South Korea Macro Brief: November 2025
The Bank of Korea (BOK) is now openly leaning toward a cut, with four of six board members backing easing in the next three months. The headline? The pivot has begun. But regulators are moving in the opposite direction on credit. Household debt is rising again, SME lending mandates are being enforced with fines and…
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China Macro Brief: November 2025
Trump-Jinping meeting on 30th October exposes the limits on US power - Trump capitulates. Tensions between the two superpowers defused … for the time being. Yet, this WILL flare up again in coming months and years - Trump/ USA will continue to overestimate the US’ power and influence over China, and China will not allow…
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India Macro Brief: November 2025
India is holding steady on the surface but shifting gear underneath. The RBI has left rates untouched, dialled up its growth forecast and eased its inflation view. But this isn’t coasting. It is calibration. Behind the stability lies a flurry of activity. We see tighter regulation, fintech restructuring, renewed FX pressure and emerging stress signals…
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November 2025
Egypt enters November walking a narrow line between control and constraint. Its Gaza diplomacy has turned from leverage to liability, the GERD is now officially securitised and the Sudan refugee surge is becoming the country’s most under priced political risk. Parliamentary elections are proceeding on autopilot, Gulf cash is keeping the lights on and Western…
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November 2025
Nigeria ends 2025’s final quarter under pressure at home and scrutiny abroad. Trump’s threat of military action has shaken Abuja’s confidence just as Tinubu faces mounting anger over fuel, food and inflation. Diplomatic posts remain empty, courtrooms are deciding elections and the streets are once again Nigeria’s barometer of power. The economy shows flashes of…
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November 2025
Egypt enters November walking a narrow line between control and constraint. Its Gaza diplomacy has turned from leverage to liability, the GERD is now officially securitised and the Sudan refugee surge is becoming the country’s most under priced political risk. Parliamentary elections are proceeding on autopilot, Gulf cash is keeping the lights on and Western…
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November 2025
Nigeria ends 2025’s final quarter under pressure at home and scrutiny abroad. Trump’s threat of military action has shaken Abuja’s confidence just as Tinubu faces mounting anger over fuel, food and inflation. Diplomatic posts remain empty, courtrooms are deciding elections and the streets are once again Nigeria’s barometer of power. The economy shows flashes of…
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South Africa Macro Brief: November 2025
Fresh September data show a bumper month for exports. Germany overtakes USA as RSA’s second largest export destination. As predicted, BRICS+ integration rising – 32 RSA companies are currently in Shanghai at the 8th China International Import Expo (CIIE). Fresh exports data show September to have been a record month, with RSA’s trade patterns showing…
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Kenya Macro Brief: November 2025
CBR cut again: Eighth consecutive rate reduction - down 25 bp to 9.25% on 7th October as inflation stays at 4.6%. Momentum building: PMI 52.5 (Oct). Fastest expansion since early 2022; output and new orders up sharply. Debt realignment deepens: Kenya converts around USD5 billion of Chinese loans into RMB, easing FX risk and strengthening…
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Romania Macro Brief: November 2025
Inflation hovers at 9.9%, benchmark rate held once again. Trade deficit widening, now at almost 10% of GDP. Overly optimistic forecasts for reducing the budget deficit fail to perceive the highly resilient roadblocks that will be put up by various state organs. Monetary Policy The Banca Nationala a Romaniei (BNR) continued to hold interest rates…