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March 20, 2026
March 19, 2026
Preview: Due March 25 - U.S. Q4 Current Account - Correction from record pre-tariff deficit extending further
March 19, 2026 5:00 PM UTC
We expect a Q4 US current account deficit of $215bn, down from $226.4bn in Q3 and the narrowest since Q1 2021. As a proportion of GDP the deficit would be 2.7%, down from 2.9% in Q3 and the narrowest since Q1 2020. The correction from the record $439.8bn pre-tariff deficit in Q1 continues.
South Africa Inflation Eased to 3.0% y/y in February; but Rate Cut is Unlikely on March 26 Due to Adverse Global Developments
March 19, 2026 3:11 PM UTC
Bottom Line: Statistics South Africa (Stats SA) announced that annual inflation edged down to 3.0% y/y in February, the lowest since June 2025, driven by slowdown in prices of transportation and food and non-alcoholic beverages (NAB). The inflation stayed within the South African Reserve Bank’s (
ECB Review: Not Such a Good Place!
March 19, 2026 2:49 PM UTC
With no change in policy expected and this being delivered unanimously, the ECB underlined its determination to ensure that inflation stabilises at the 2% target in the medium term. Unsurprisingly, it stressed how the Middle East conflict has made the outlook significantly more uncertain, creating u
U.S. January New Home Sales - Weakness erases signs of improvement in trend
March 19, 2026 2:16 PM UTC
January new home sales have seen a sharp 17.6% decline to 587k, the weakest level since October 2022. Much of this weakness is probably due to weather, though other data from the housing sector suggests that signs of a pick-up in late 2025 have faded in early 2026.