NEWS FLASH

UPCOMING WEBINAR - LATIN AMERICA IN 2026: INFLATION, POLICY AND POLITIC...

The South African Reserve Bank ends the year with a 25 bps interest rate cut
SOUTH AFRICA · Report · 20 Nov 2025

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) opted to lower the benchmark interest rate by 25 basis points from 7% to 6.75% during its final meeting of the year. This follows a pause in policy normalization during the MPC’s meeting in September. As a result, the prime l...

Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 20 Nov 2025

Despite a new package of sanctions, which included restrictions on operations with the two oil majors, the impact of the FX market is limited, and in the past two weeks the ruble remained stable. Some changes are likely starting from 2026, when the CBR plans to decrease its regular daily FX sales...

Inflation expectations remain anchored at the 2% range; activity softens ahead of MPC decision
ISRAEL · In Brief · 20 Nov 2025

The Bank of Israel published its latest update on inflation expectations yesterday, showing that short-term expectations remain low, around the 2% range, close to the midpoint of the Bank’s target. One-year expectations from the capital market averaged 1.9%, while the average 12-month projection ...

November 2025 Peru slide deck: Economic and political situation
PERU · Presentation · 19 Nov 2025

Read Alfredo Thorne's slide presentation on key topics affecting Peru including: - The political scenario under Boluarte’s impeachment and the presidential elections. - Growth outlook: continues to improve. - Road to a failed state—Dina’s legacy? - What is needed to achieve the Modern State...

The Federal Police operation involving Banco Master is reverberating across Brasília, the Lower House approved the Anti-Gang Bill, and the Senate approved the bill limiting tax offsets
BRAZIL POLITICS · Report · 19 Nov 2025

The Federal Police operation involving Banco Master reverberated across Brasília. Political connections of the bank’s controllers are being scrutinized, especially by government allies. Opposition governors Ibaneis Rocha (MDB–DF) and Cláudio Castro (Rio de Janeiro) faced pressure over operations ...

Webinar replay - China's five-year plan and its shifting economic landscape
CHINA FINANCIAL · Report · 19 Nov 2025

What challenges will China face in the execution of its five-year plan? Can China maintain its position in the global trade conflict? As Beijing clamps down on the manufacturing industry, what support will the government provide to different sectors? Visit our calendar page to watch the rep...

What does GDP growth (and investment growth) mean in China?
CHINA FINANCIAL · Report · 19 Nov 2025

Special points to highlight in this report: - Little good news came out of October’s data release. Growth in value-added industrial production was down. Retail sales growth was also down, and remained lower than growth in industrial production for both October and 2025 year to date. - Wha...

Unprecedented corruption scandal opens the gate for major reshuffle of top echelons
UKRAINE · In Brief · 19 Nov 2025

The huge corruption scandal within the narrow circle of President Volodymyr Zelenskiy (referred to as Mindichgate after Timur Mindich, the central figure of the scandal and Zelenskiy’s business partner) is a major upheaval for both Ukraine’s domestic politics and its international standing amid t...

Chile's Economists: a first tentative dance
CHILE · In Brief · 18 Nov 2025

Some media outlets have reported that a group of economists who had supported Evelyn Matthei’s presidential campaign have already signed on to the Kast bandwagon. The reality is somewhat more tentative. However, talks are underway. A meeting was held on Tuesday morning between Kast’s economic adv...

Economic slowdown and tax tensions frame the 2026 budget debate
DOMINICAN REPUBLIC · Report · 18 Nov 2025

Economic conditions in the Dominican Republic softened further in September, with growth slowing across nearly all major sectors. The adverse effects of Hurricane Melissa, including disruptions to agricultural production and temporary business closures, helped drive food prices higher. Headline i...

The STF published the decision that denied Bolsonaro’s appeals, the House may vote on the Anti-Gang Bill, and the rapporteur of the Sentencing Bill is finalizing his report so that it can be discussed in the leaders' meeting
BRAZIL POLITICS · Report · 18 Nov 2025

The Supreme Federal Court (STF) published on Monday night, November 17, the decision that denied the appeals of former President Jair Bolsonaro (PL) and six other convicts from the crucial core of the coup plot. With the publication of the judgment, the deadline opens for the defenses to file new...

Webinar replay - Chile election briefing: After the general elections
CHILE · Report · 18 Nov 2025

Were there any surprises in the results of Chile's congressional and presidential elections? Have Chilean voters become polarized? What challenges and opportunities do the presidential candidates face to consolidate support and appeal to voters? Will their strategies shift to the center? What are...

Economics: The non-tariff barriers US cites put Mexico at a disadvantage in the upcoming USMCA review and potential renegotiation
MEXICO · Report · 18 Nov 2025

The positions on non-tariff barriers being cited by the current US administration loom large over the USMCA review and possible renegotiation, a process the three signature countries are scheduled to jointly engage in beginning next July. The barriers Washington points to were outlined in a US Tr...

Weekly macroeconomic update, November 17, 2025
ISRAEL · Report · 17 Nov 2025

This week’s market focus centered on two key releases: the October CPI and the Q3 GDP figures. Together, they offer an updated view of the economy’s post-war momentum and inflation environment ahead of the Bank of Israel’s November 24 rate decision. The GDP surged 12.4% (annualized) in Q3 as acti...

The positioning of "independent" voters and other weekly topics
BRAZIL POLITICS · Report · 17 Nov 2025

The holiday (Black Consciousness Day) on Thursday reduces congressional activity this week. In the Lower House, the highlight is the attempt to vote on the Anti-Gang Bill. In the Senate, the Economic Affairs Committee (CAE) may discuss the bill on the taxation of betting platforms and fintechs. T...