This Update outlines potential outcomes of the Iran-Israel conflict and teases out the implications for the region, the global economy and commodity and financial markets. One point that emerges is...

May’s steep decline in euro-zone services inflation was largely due to the timing of Easter. But looking through that effect, services inflation is on a downward trend that we expect to continue.

The fact that South Africa’s headline inflation was unchanged at 2.8% y/y in May, lends more evidence that the SARB should be unworried about underlying price pressures in the economy. Coming...

With services inflation still elevated at 4.7%, the small fall in CPI inflation from 3.5% in April to 3.4% in May (CE 3.2%, consensus 3.4%) won’t prompt the Bank of England to deviate from its recent...