Author: Editor
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August 2025
Egypt heads into late summer with its balancing act under sharper strain. Diplomatically, Cairo is talking tougher - on Gaza, on Israel’s military footprint and in its quiet but deliberate eastward tilt towards Beijing - even as it keeps lines open to all sides. Economically, stability is holding, with growth nudging higher, reserves improving and…
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August 2025
Egypt heads into late summer with its balancing act under sharper strain. Diplomatically, Cairo is talking tougher - on Gaza, on Israel’s military footprint and in its quiet but deliberate eastward tilt towards Beijing - even as it keeps lines open to all sides. Economically, stability is holding, with growth nudging higher, reserves improving and…
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South Africa Macro Brief: August 2025
It has been a challenging year for the Republic of South Africa (RSA), and it looks set to become more challenging still. Relations with the US have taken a very clear nosedive since President Trump took office in January, and now the application of a 30% tariff on most South African goods entering the US…
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Romania Macro Brief: August 2025
A rocky period for Romania. Persistent, higher than EU average unemployment, high government deficit, austerity measures being put in place, and now 15% US tariffs on EU goods. Ambitions to join the Euro are having to be put on hold again. Monetary PolicyFor a fifth time, after meeting on 5th August the Banca Nationala a…
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Kenya Macro Brief: August 2025
Kenya’s economy is riding a wave of earlier monetary easing, stable exchange rates and a landmark debt issuance on the horizon - and all eyes are on whether that momentum will hold through the next quarter. Monetary Policy. The CBR stands at 9.75% following the June 10 MPC decision – the sixth straight cut.… Read…
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Türkiye Macro Brief: August 2025
Türkiye has leaned back into stimulus this month, with the central bank delivering a bigger than expected rate cut and edging closer to scrapping its costly FX-protected deposit scheme. Inflation is slowing, the Lira has held broadly steady and Ankara is talking up a coordinated policy push to anchor the disinflation path.… Read the rest
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August 2025
Mexico closed July walking a fine line between continuity and course correction. A high-profile corruption case has punched a hole in the ruling coalition’s image, exposing familiar rot just as the new president tries to assert distance from AMLO’s inner circle. At the same time, foreign capital continues to flow in—underscoring the disconnect between political…
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Philippines Macro Brief: July 2025
US-Philippines trade talks have concluded – but the result feels not just unbalanced, but geopolitically self-defeating. The BSP next meets on 28 August, and with inflation still falling, another rate cut looks likely. Monetary Policy, Inflation & Interest RatesAs we expected, the Bangko Sentral ng Pilipinas (BSP) cut its policy rate to 5.25% in June.……
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Russia Macro Brief: July 2025
For the second time since July 2023 the Central Bank of Russia once again cut interest rates, this time by 200bp after inflation fell again. Additional sanctions have been applied by the EU and UK, with the US seemingly close to adding a highly punitive additional tariff rate to those nations that continue to import…