Author: Editor
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Malaysia Macro Brief: September 2025
Last month we said Malaysia’s pivot was now unmistakeable. Now, with the July cut behind us, Bank Negara Malaysia (BNM) has shifted into a “hold and assess” mode. Inflation is soft, growth is middling and liquidity is looser than it looks on the surface. The Ringgit has narrowed into a tighter band, while enforcement around…
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Argentina Macro Brief: September 2025
In August we closed with a question: “The reforms are intact, but the test now is stamina – can Milei keep markets onside while cushioning the strain on the real economy?” September has given us the answer. Reserves are draining, controls are creeping back and Washington is preparing a bailout. Milei has failed the stamina…
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Chile Macro Brief: September 2025
Chile is in calibration mode. The Central Bank has paused again, headline inflation is easing but core remains sticky and the Peso is holding steady under external pressure. The labour market is stuck, regulation keeps edging forward and with the election now weeks away the politics are doing most of the heavy lifting.… Read the…
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Indonesia Macro Brief: September 2025
Yet another surprise rate cut, but one that we feel was too much, too soon. The inflation jump that we pointed out in our last report remains a concern, and the reason we’re not convinced of the wisdom of this latest rate cut so soon after another. Widespread social unrest, centered around political grievances, engulfed…
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China Macro Brief: September 2025
New economic data show that China has made significant strides in offsetting the economic impacts of the US-China trade stand-off. A recent flurry of diplomatic engagement between the US and China, both at numerous levels and from numerous departments, indicates a gradual softening of the highly confrontational tête-à-tête that President Trump began with his “reciprocal”…
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Brazil Macro Brief: September 2025
US-Brazil relations deteriorate further, with President Trump taking what looks to be personal offence at former President Jair Bolsonaro’s conviction and sentencing, and now Brazil’s chief prosecutor charging Bolsonaro’s son, a congressman. Right now Trump’s nightmare scenario for himself and his family after his term ends is playing out in real time in Brazil and…
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Taiwan Macro Brief: September 2025
Taiwan’s macro picture remains one of discipline and quiet strength. The central bank is holding its line, inflation is easing, capital controls remain light-touch and the labour market is still pulling its weight. But there are tremors under the surface - from volatile capital flows to growing exposure to external political risk.… Read the rest
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Reactors and Realignment: What Kazakhstan’s Nuclear Move Really Signals
Kazakhstan is pressing ahead with its first civilian nuclear plant – but this isn’t just about power grids or carbon targets. It is about leverage. And the game around it is changing fast. The IAEA has thrown its weight behind the project, offering full support from start to finish. On paper, Astana has a clean…
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September 2025
BNP have confirmed that elections will be held on time, aligning with people’s expectations. The slow pace of promised reforms by the interim government has frustrated experts, who allege that while reports have been published, implementation is lagging or non-existent. On the economic side, the central bank has partnered with the Gates Foundation to develop…
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September 2025
BNP have confirmed that elections will be held on time, aligning with people’s expectations. The slow pace of promised reforms by the interim government has frustrated experts, who allege that while reports have been published, implementation is lagging or non-existent. On the economic side, the central bank has partnered with the Gates Foundation to develop…