As expected, the PCE deflator data suggest that, although not quite as bad as the first three months of the year, inflation was still running above target in April. At the same time, however, the real...

The risk of monetary tightening in Vietnam has risen over the past few weeks due to concerns about the currency and inflation. We still think a rate hike is unlikely. But even if the central bank (SBV...

May’s increases in headline and core inflation – and jump in services inflation to a seven-month high – won’t stop the ECB from cutting interest rates next week. But another reduction in July now...