HEW: Rate Cuts Not Boxed-In
UK economic data was mostly as expected, but increased services inflation tipped the balance towards a hawkish stance. The ECB maintained...
346 Views
ECB: September Cut Not Yet Determined
The ECB unanimously held its policy rates in July, as widely expected after June’s cut, and refused to pre-commit to any outcome in September. Its...
200 Views
UK: Slow Slackening Progress for Pay
The UK unemployment rate remained at 4.4% in May as the H1 increases are grinding to a halt in a similar pattern to 2023. Underlying changes are...
171 Views
EA Inflation Stable Enough for the ECB
The final EA inflation print confirmed the flash at 2.52% in June, with services refusing to slow from 4.1%. Median inflation rates broadly...
140 Views
UK Discounts Soften Stronger Services
UK inflation was broadly unchanged and close to expectations in June, although resilient services price strength was offset by temporary weakness...
156 Views