➦ Economic data more rice & beans than steak & eggs
Global Central Bank Decisions Galore

➦ International Economic Outlook: Mid-Year Outlook 2024 update
Despite challenges—mostly geopolitical and monetary policy related—the global economy has been resilient over the first half of 2024.

➦ Inflation Cools as Summer Begins
Bank of Japan Holds Steady, but Signals Further Normalization Ahead

➦ Australia & New Zealand: Mid-year macro update
The Reserve Bank of Australia (RBA) held its policy rate steady at 4.35% this week, while its accompanying statement was generally hawkish in tone. The RBA said inflation remains above target and is proving persistent. At the post-meeting conference, RBA Governor Bullock said policymakers discussed the case for a rate hike, but did not consider a rate cut.

➦ Bank of Japan pauses along its policy normalization path
The Bank of Japan (BoJ) did not make any meaningful policy changes at its June 13-14 meeting, reiterating that it would encourage the uncollateralized overnight call rate to remain at around 0.0%-0.1% and would conduct bond purchases in accordance with the decision made at its March monetary policy meeting.

➦ July cut bites the dust; September hanging on edge of its seat
G7 Central Banks Ease into Summer with Rate Cuts

➦ Which EM sovereign credit ratings are due for adjustments?
In this report, we update our sovereign credit ratings framework and offer insight into which emerging market sovereigns could see notable adjustments to their credit ratings in the coming quarters.

➦ Bank of Canada Eases Into Monetary Easing
The Bank of Canada (BoC) embarked on its monetary easing cycle last week with a widely expected 25 bps policy rate cut, to 4.75%.

➦ May-laise
South Africa Heading for Coalition Government; China’s Economy Remains Under Pressure

➦ High mortgage rates burden homebuyers
Foreign Economies Show Mixed Inflation Trends amid Ongoing Economic Expansion

➦ Let’s wait and see
Mixed Data from Foreign Economies

➦ South Africa 2024 presidential election scenario analysis
Next up on the 2024 global election calendar is South Africa. Voters in Africa’s most industrialized nation will head to the polls May 29 amid a backdrop of local economic stagnation and a potential desire for policy change.

➦ International Economic Outlook: May 2024
The global economy faces a myriad of challenges; however, global economic growth remains resilient. With that said, the composition of global growth is starting to change as the U.S. economy is showing clearer signs of deceleration, while major foreign economies are demonstrating signs of recovery.

➦ The calm before the storm
Another Busy Week for Foreign Central Banks

➦ Bank of England Closing In On Rate Cuts
The Bank of England held its policy rate at 5.25% at today’s monetary policy announcement, but offered a dovish outlook that suggests rate cuts are now approaching.

➦ April Brings Signs of Cooling in Economic Growth
Eurozone Growth Gradually Recovering, Eurozone Inflation Gradually Slowing