The euro-zone will remain close to recession in the first half of the year as the effects of higher interest rates continue to weigh on household consumption and investment, and fiscal policy is...

CPI fell deeper into deflationary territory last month. But this was largely due to the usual volatility in food and tourism prices around Chinese New Year. We think consumer price inflation will...

The resurgence in productivity growth is mainly a cyclical response to the tightness of the labour market rather than a sign that the AI revolution is already bearing fruit. Nevertheless, that still...

We have argued that most of the inflation battle is already won and fears that “ the last mile will be the hardest” are overdone. But during our central bank online Drop-In session last week, clients...