Author: Editor
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Malaysia Macro Brief: August 2025
Malaysia’s pivot is now unmistakeable. After a year of standing still, Bank Negara Malaysia (BNM) has cut the OPR - and the ripple effects are spreading. Liquidity is looser, growth is softening and inflation remains muted. The Ringgit is still under pressure, black-market FX has crept back in and banks continue to cap overseas card…
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Argentina Macro Brief: August 2025
Rates unleashed, inflation tamed – and Phase 3 quietly begins Monetary Policy The Central Bank has officially let go of the steering wheel. In early July, the Banco Central de la República Argentina (BCRA) scrapped its benchmark interest rate and shifted to a market-determined pricing system. Rates are now floating, guided by liquidity auctions and…
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Chile Macro Brief: August 2025
As summer comes to a close, Chile wraps up the season with a subtle but shifting economic narrative. The Central Bank has cut rates for the first time this year but stubborn inflation is slamming the brakes on further easing. Consumer prices unexpectedly increased in July and social equity issues surfaced amid new digital security…
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Indonesia Macro Brief: August 2025
A rate cut that surprised many … but will it hold? An inflation jump that’s nothing we’d bat an eyelid at in most other markets we cover, but which has drawn our focus. An economic growth jump, with strong forecasts for the year – some are dubious, we are not. Tariffs & GDP Effects As…
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China Macro Brief: August 2025
No deal yet between the US and China, but it does seem that both sides recognise that they do indeed need a deal and that neither side will emerge unscathed if relations deteriorate. Whether President Trump also understands this remains to be seen, however. Tariffs As we published our July brief US and Chinese officials,…
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Brazil Macro Brief: August 2025
US-Brazil relations continue to be fractious after President Trump announced additional tariffs linked to domestic political affairs within Brazil, and Brazil has now countered by launching a dispute at the WTO. Inflation has fallen, but has been bumpy this year so August’s figures will be key. Employment continues to improve, although job creation won’t match…
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August 2025
Bangladesh enters the second half of 2025 walking a tightrope. The interim government has momentum behind it - record remittances, fresh multilateral funding and tariff wins in Washington - but its political and institutional footing is far from stable. The July Charter laid out a framework for reform, but consensus is still fragile.…… Read the…
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August 2025
Kazakhstan is not firefighting, it is fortifying. As the geopolitical weather turns, Astana is quietly building buffers - strategic, financial and institutional. New defence pacts, tighter controls and deeper diplomatic hedging suggest a state preparing not just for shocks but for opportunity. China is doubling down, the West is tightening tariffs and the Taliban are…
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August 2025
Kazakhstan is not firefighting, it is fortifying. As the geopolitical weather turns, Astana is quietly building buffers - strategic, financial and institutional. New defence pacts, tighter controls and deeper diplomatic hedging suggest a state preparing not just for shocks but for opportunity. China is doubling down, the West is tightening tariffs and the Taliban are…
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Taiwan Macro Brief: August 2025
Taiwan’s macro story remains steady, but not static. The central bank is holding the line, inflation is still falling and job market strength is firming into a structural asset. But fresh warnings from the CBC board show that policymakers are not complacent. The external environment remains noisy, and while Taiwan continues to balance well, new…