Ignore the fact that core PPI increased by a slightly bigger-than-expected 0.4% m/m in June and that May was revised to a 0.3% rise from unchanged. The PPI components that feed into the Fed’s...

If the economic outlook translated to success on the football pitch, faster GDP growth and lower interest rates may mean Spain has the edge over England to win the men’s Euros on Sunday night. We're...

Hungary’s fiscal tightening measures announced this week are a step in the right direction, but we are sceptical that the deficit will come down far enough to put the public debt ratio onto a...

The PBOC’s expanded open market operations effectively narrow the interest rate corridor for short-term interbank rates. This won’t have any immediate consequences for monetary conditions. But it does...