Author: Editor
-
Romania Macro Brief: September 2025
A significant inflationary spike, steady interest rates, and a very fragile coalition government – Romania watching is not for the faint of heart at present. Monetary Policy The Banca Nationala a Romaniei (BNR) continues to hold interest rates at 6.5% - one of the highest rates in Europe. No cuts are expected until mid-2026.… Read…
-
Türkiye Macro Brief: September 2025
Türkiye’s new medium-term programme stretches the disinflation path out to 2027, but still pitches a return to price stability as inevitable. The FX-protected deposit scheme is finally gone, the Lira is under pressure, and the central bank looks set to slow its easing cycle. Markets also welcomed the lifting of the short-selling ban, another step…
-
September 2025
Egypt enters autumn with new pressures layered on its already delicate balancing act. Diplomatically, Cairo is doubling down on Gaza red lines while stitching in Gulf partners and keeping EU and UN levers engaged. Regionally, Nile tensions are back in play after Ethiopia declared the GERD fully operational, prompting open warnings.…… Read the rest
-
September 2025
The election clock is ticking and there is much to unpack. Hassan has formally launched her campaign and the race looks firmly tilted in Chama Cha Mapinduzi party’s (CCM) favour. Opposition parties remain boxed out, court coverage of Tundu Lissu’s treason trial has been restricted and the state’s grip on political space is tightening.…… Read…
-
September 2025
Egypt enters autumn with new pressures layered on its already delicate balancing act. Diplomatically, Cairo is doubling down on Gaza red lines while stitching in Gulf partners and keeping EU and UN levers engaged. Regionally, Nile tensions are back in play after Ethiopia declared the GERD fully operational, prompting open warnings.…… Read the rest
-
-
September 2025
As August ended we saw Mexico with one foot on the accelerator and the other hovering near the brake. On the surface, investor sentiment remains strong and being driven by targeted infrastructure pushes, steady monetary easing and signs of deeper US-Mexico coordination. But dig a little deeper and the structural risks are hard to ignore.………
-
Philippines Macro Brief: August 2025
With US tariffs now agreed, however imbalanced the final outcome, a note of stability and predictability returns. Yes, it may well take several months for the full impact to become clear, but at present the headline figures are either stable or improving. We anticipate GDP growth that meets or exceeds 2024’s statistics, and at least…
-
Russia Macro Brief: August 2025
A raft of new sanctions were applied against Russia in August, and by a wide variety of nations and blocs, with more promised for September. The macro picture remains fragile, and several key indicators are beginning to emerge that signal deterioration. Monetary policy No further base rate cuts by the Central Bank of Russia (CBR)…
-
Vietnam Macro Brief: August 2025
After Vietnam secured arguably the best US tariff deal amongst all ASEAN nations we now wait to measure the true economic impact, and contrast it with the impacts on markets competing with Vietnam to continue supplying US consumers. Inflation remains below target, employment slightly up, the dong continues to slide against the USD.… Read the…