Global Economics
Find economic insights and analysis on the latest geopolitical and macroeconomic developments and their local and global implications.
Banxico cut its policy rate 25bp to 6.50% at the May 7 meeting
Global Daily: The Little Red Hen
Markets are bulled-up this morning on prospects for peace in the Iran war. The S&P500 and NASDAQ closed at fresh all-time highs...
Australia agribusiness May 2026: Conflict abroad, consequences at home
Australia’s key commodities highlights and economic influences for this month. The full report covers the developments to watch in the upcoming weeks.
Global Daily: Give Peace a Chance
It was TACO Tuesday again in the United States this week as President Trump announced that he was pausing Operation Freedom “for a short period”...
Exclusive Banxico Preview: Looking Through
We expect Banxico to cut the overnight policy rate 25bp at the May 7 meeting. This is likely to be the last cut from the central bank, implying a terminal rate of 6.50%.
China sends ripples through global beef markets
With the imposition of beef import quotas at the beginning of 2026, China was set to redistribute global beef trade. Angus Gidley-Baird speaks with Chenjun Pan
ECB comment: June or never?
President Lagarde foreshadows a rate hike in June.
Eurozone growth slowed ahead of the Iran war
The Eurozone economy grew 0.1% q/q in Q1. The slowdown ahead of the Iran war reflects, in part, delayed effects of US import tariffs.
Governor Powell
As widely expected, the FOMC remained on hold.
Exclusive Bank of Canada Post-Decision Report: Tiff be nimble, Tiff be quick
The Bank of Canada released its decision to hold the overnight policy rate at 2.25% at the April 29 decision.
Australian farmland price outlook 2026: Growth of farmland values expected to ease amid tight on-farm margins
Outlook for Australian farmland values shows stabilisation in 2025 and a shift to moderated growth, with grazing gains, softer arable prices and low single-digit growth.
Exclusive Bank of Canada Preview: Turnover
We have maintained that we see the Bank holding the overnight policy rate at 2.25% through to year end, which suggests a hold at the April 29 meeting.