Another CBR hike may be in the cards for Russia in September
At the September policy meeting, the CBR is likely to consider staying on hold or hiking its policy rate 25bp or 50bp. However, we think a 25bp hike is marginally more likely than the two other outcomes.What you will learn:
- Inflationary pressures may remain elevated in the coming weeks, if not months. Covid-related disruption to global supply chains is likely to push up input costs even further.
- Household demand continues to expand, supported by rising real wages, booming consumer lending, and pre-election handouts.
- Inflation expectations fell in August vs. the July peak, but still are in the double digits (12.5%).
UK: Housing market on course for a soft landing
The recent sharp fall in mortgage rates and continued strong growth in wages has significantly reduced the scale of the UK's housing affordability problem. Consequently, the risk of a steep correction in house prices is much lower than it appeared a few months ago. We also expect the recent steady pickup in housing market activity to continue.Find Out More
Global Industry: Energy transition will transform mining—promise and pitfalls
We expect that demand for energy transition-related critical minerals will grow significantly in the next decades even in the absence of rapid progress required to achieve net zero.Find Out More