This week's data releases will have reinforced the view of ECB policymakers that they should be patient before beginning to loosen monetary policy. Indeed, the monthly pace of services inflation appears to be accelerating. Meanwhile, we think that SNB Chairman Thomas Jordan’s swansong will be to loosen monetary policy, cutting rates by 25bp later this month.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services