The latest data suggest that Brazil’s labour market isn’t softening as quickly as we and many others (not least the central bank) had anticipated. That’s keeping wage growth high and, while that may...

While we suspect that interest rate differentials between the euro-zone and the US might start to put a degree of upward pressure on euro-zone government bond yields and the euro, we think that the...

May’s decline in euro-zone core inflation to a four-month low left it below the published consensus forecast and was driven in part by lower services inflation. While further gradual declines in the...