Author: Editor
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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…
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Vietnam Macro Brief: July 2025
The big news in July was the agreement, in principle, of a trade deal between Vietnam and the USA. When compared to the deals secured by other Asian nations, it seems Vietnam has emerged victorious. Hardline Shift After the death of Vietnam’s long-serving leader Nguyen Phu Trong in July 2024, and the ascension of To…
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Malaysia Macro Brief: July 2025
Malaysia has finally moved. After a year of policy pause, Bank Negara Malaysia (BNM) has cut rates - quietly, deliberately, and without the usual fanfare. Liquidity had already been loosening behind the scenes and now the shift is official. At the same time, the Ringgit remains under pressure, black market FX is back in play…
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Argentina Macro Brief: July 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: July 2025
Chile enters the second half of the year with resilience holding, but stress starting to show. The Central Bank has finally shifted, cutting rates for the first time in 2025 as inflation cools and growth steadies. But the policy path remains cautious, the labour market is still dragging and vulnerabilities in infrastructure and cyber resilience…