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February 20, 2026
Switzerland: An Alternative Insight into Current Franc Strength!
February 20, 2026 11:14 AM UTC
The increasing strength in the Swiss France is causing reverberations. More a reflection of U.S. dollar weakness than that of the euro, the nominal trade weighted Franc is hitting new highs (Figure 1). But while this strength in impairing competitiveness – vital to an economy where exports acc
This week's five highlights
February 20, 2026 10:00 AM UTC
U.S. January Yr/yr ex food and energy CPI slowest since March 2021
FOMC Minutes Shows Splits, But Rate Cuts Should Still Arrive
RBNZ Keeping Their Cool
UK CPI Fresh and Marked Fall Resumes as Core Slips to Cycle-Low?
Washington and Delhi Recalibrate
February 19, 2026
FOMC Minutes: Shows Splits, But Rate Cuts Should Still Arrive
February 19, 2026 9:24 AM UTC
· The January FOMC minutes show a split Fed, with some sounding mildly hawkish. However, the district Fed presidents are on the mildly hawkish side, but most are non-voters and we feel that the FOMC voting consensus is more neutral. Additionally, we feel that Fed is too upbeat on th
February 18, 2026
UK CPI Review: Fresh and Marked Fall Resumes as Core Slips to Cycle-Low?
February 18, 2026 10:03 AM UTC
Although most aspects of the January CPI came in a notch above BoE thinking, the clear fall in the headline rate and further looser labor market messages still point to a BoE rate cut next month, not least given the likely return to the 2% target by April. These projected falls started with these Ja
February 17, 2026
UK Labor Market: Job Losses Weighing on Wages
February 17, 2026 7:52 AM UTC
There are further signs that the labor market is haemorrhaging jobs both clearly and broadly with fresh and deep falls in the more authoritative measure of jobs covering payrolls. Indeed, private sector payrolls are still falling, down almost a full ppt in y/y terms and more steeply so (Figure 1).
February 16, 2026
From Trade War to Trade Truce: Washington and Delhi Recalibrate
February 16, 2026 7:50 AM UTC
The US–India interim trade pact lowers tariffs after a bruising 2025 dispute, offering relief to Indian exporters while committing New Delhi to expanded market access for American goods. Washington is presenting the deal, including India’s stated intent to import up to USD 500bn in US energy and
February 13, 2026
Surprising Move by the CBR: 50 Bps Interest Rate Cut Despite Inflationary Risks
February 13, 2026 12:48 PM UTC
Bottom Line: Despite we expected the Central Bank of Russia (CBR) to hold the policy rate at 16% during the MPC on February 13 and anticipated a cautious stance as the Bank monitors inflationary risks, including the VAT hike in 2026, utility tariff increases, and elevated inflation expectations; the