Author: Editor
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Philippines Macro Brief: October 2025
Benchmark rate cut again, in line with our expectations. A new Digital Taxation Act brings foreign providers into line with domestic on VAT. GDP growth forecasts affected by weakening domestic demand, and dampening sentiment. Defying market expectations, but concurring with our predictions, the BSP cut the benchmark rate again on 9th October.… Read the rest
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Chile Macro Brief: October 2025
Chile is heading into the last quarter of 2025 with the brakes on and the pressure building. The Central Bank has held rates, headline inflation is softening and the Peso remains steady despite global volatility. But the story just beneath the surface is shifting. Core inflation is proving stubborn, employment is barely moving and the…
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October 2025
BNP is turning up the pressure. Mirza Fakhrul Islam Alamgir is pushing parties to focus on elections instead of side issues like proportional representation. Meanwhile, the IMF has cut its growth forecast sharply to 4.9%, although inflation is finally starting to ease. Cash still rules - nearly 72% of all transactions - despite efforts to…
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October 2025
Three months on from our last report and Pakistan’s balancing act now looks more precarious than poised. The government is fighting fires on all fronts. Political, economic and environmental issues are all smouldering while it is trying to stop any sparks from flying that could ignite dissent. All this while it tries to project control…
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October 2025
Three months on from our last report and Pakistan’s balancing act now looks more precarious than poised. The government is fighting fires on all fronts. Political, economic and environmental issues are all smouldering while it is trying to stop any sparks from flying that could ignite dissent. All this while it tries to project control…
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October 2025
Kazakhstan is no longer just balancing power. It is building a platform. October’s moves revealed a state retooling itself on every front - geopolitical, digital, economic and security. At the UN, Astana pitched itself as a neutral convener. At home, it tightened control through AI laws, crypto regulation and urban surveillance.…… Read the rest
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October 2025
Kazakhstan is no longer just balancing power. It is building a platform. October’s moves revealed a state retooling itself on every front - geopolitical, digital, economic and security. At the UN, Astana pitched itself as a neutral convener. At home, it tightened control through AI laws, crypto regulation and urban surveillance.…… Read the rest
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October 2025
BNP is turning up the pressure. Mirza Fakhrul Islam Alamgir is pushing parties to focus on elections instead of side issues like proportional representation. Meanwhile, the IMF has cut its growth forecast sharply to 4.9%, although inflation is finally starting to ease. Cash still rules - nearly 72% of all transactions - despite efforts to…
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Indonesia Macro Brief: October 2025
BI holds the benchmark rate at 4.75% after last month’s 0.25% cut. This caught the market by surprise, but not us – inflation was the key decider, as we forecast. IDR looks to be slowly regaining some strength as the economy now stabilizes. Bank Indonesia’s (BI) decision to hold the benchmark rate at 4.75% appears…
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Taiwan Macro Brief: October 2025
Taiwan remains stable but the landscape is shifting. The foundations are still holding but the strain is starting to show. Taiwan’s macro fundamentals remain solid. Rates are steady, inflation is cooling and employment is strong. But beneath that surface, the system is adjusting. The central bank is nudging housing policy, regulators are stepping up scrutiny…