Insights & News - EFGAM New Capital

Macro

Hawkish BoE cuts interest rates to 4% and signals slower easing pace going forward

The Bank of England (BoE) cut Bank Rate by 25 basis points to 4.0%. Although the decision was expected by markets, minutes from the meeting reflected a more hawkish approach from Monetary Policy Committee (MPC) members. In this Macro Flash Note, Economist and Strategist Joaquin Thul analyses the arguments behind this decision.

12 August 2025
Read time: 2 mins

Macro

Trump's tariffs on Brazil: You've got a friend in me

President Trump announced tariffs of 50% on US imports from Brazil. The imposition of these tariffs is not related to trade, immigration, drugs or an economic threat to the US. The additional duties are to help Brazil’s former President, and Trump’s close friend, Jair Bolsonaro. In this Macro Flash Note, Economist Joaquin Thul discusses why these tariffs are unlikely to cause a major concern for Brazil for the time being.

11 August 2025
Read time: 2 mins

Macro

Reserve Bank of Australia: A rate cut now looks likely

At its July meeting, the Reserve Bank of Australia (RBA) surprised markets by leaving interest rates unchanged, despite recent signs of easing inflation. In this Macro Flash Note, EFG Chief Economist Stefan Gerlach examines recent inflation developments and the broader economic backdrop and considers what they mean for the RBA’s upcoming policy decision in August.

07 August 2025
Read time: 2 mins

Macro

A mixed corporate earnings environment

Welcome to the August edition of InView: Monthly Global House View. In this publication we consider significant developments in the world’s markets, and discuss our key convictions and themes for the coming months.

06 August 2025
Read time: 10 mins

Macro

IMF: Tenuous resilience amid persistent uncertainty

The International Monetary Fund (IMF) released its July World Economic Outlook (WEO) update and has edged global growth forecasts higher from the April 2025 WEO. In this Macro Flash Note, Haya Kamal summarises the latest report.

31 Juli 2025
Read time: 2 mins

Macro

The ECB's strategy assessment: evolution, not revolution

In this Macro Flash Note, EFG Chief Economist Stefan Gerlach reviews the European Central Bank’s recent monetary policy strategy assessment. While its core framework remains unchanged, the ECB has introduced important adjustments reflecting new thinking on supply shocks, inflation volatility, scenario analysis, and the balance between forceful and persistent action.

30 Juli 2025
Read time: 2 mins

Mid-Year Outlook 2026