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  • US - Most alternative indicators of payrolls are garbage
  • EUROZONE - Swiss inflation is low and set to fall, but the SNB will ignore it
  • UK - H1 growth well-balanced, if we smooth through front-running
  • CHINA+ -Japan’s likely new prime minister could lead the BoJ to delay rate rise
  • EM ASIA - Still a matter of when, not if, the RBI will cut again; we look for December
  • LATAM - BanRep holds rates as inflation persists, fiscal weakness deepens

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Keywords for: 8 October 2025 Global Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence