US Data Response Consumer Prices & Industrial Production (Jul. 16) Headline CPI inflation remained unusually low in July and the latest drop in energy prices will keep it below 2% for longer than we first thought. Core consumer prices rose by 0.1% m/m, which was... 16th August 2016 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Jul.) CPI inflation continued on its upward path in July and looks set to breach the 2% target in the first half of next year, as sterling’s fall pushes consumer prices up. 16th August 2016 · 1 min read
India Data Response Wholesale Prices (Jul.) Indian wholesale price inflation recorded another sharp rise in July, and it looks set to accelerate further over the coming months. This supports our view that there is little scope for further... 16th August 2016 · 1 min read
Japan Data Response GDP (Q2 Preliminary) Japan’s economy stagnated in the second quarter, so spare capacity didn’t shrink any further. Adding in the deflationary impact of the stronger yen, underlying inflation should moderate further in... 15th August 2016 · 1 min read
US Economics Weekly Businesses continue to favour hiring over capex The latest data suggest that while firms are reluctant to increase capital expenditure, they are nonetheless continuing to expand their workforces. With the unemployment rate below 5%, however, the... 12th August 2016 · 1 min read
India Data Response Consumer Prices (Jul.) & Industrial Production (Jun.) The sharp rise in Indian consumer price inflation in July pushes it further abovethe Reserve Bank’s 5.0% target for March 2017. Prospects for monetary policy depend in part on who is chosen to succeed... 12th August 2016 · 1 min read
UK Economics Weekly Have consumers shrugged off Brexit? Last week’s figures suggested that households haven’t been ruffled much by the leave vote. Admittedly, we are wary about reading too much into these relatively upbeat figures. Temporary factors such... 12th August 2016 · 1 min read
Latin America Economics Update Chile & Peru MPCs hint that tightening done, but hikes still likely Having left interest rates unchanged last night, the Chilean and Peruvian central banks both removed the reference to a tightening bias in their accompanying statements. However, with inflation likely... 12th August 2016 · 1 min read
Asia Economics Weekly Will further rate cuts make a difference in Indonesia? Given the current backdrop of weak growth, low inflation and a stable currency, Bank Indonesia is likely to cut its new policy rate, the seven-day reverse repo rate, at its upcoming meeting. But more... 12th August 2016 · 1 min read
Asia Economics Update Interest rates to stay low in the Philippines With the economy in good shape and inflation under control, today’s decision by the central bank inthe Philippines (BSP) to keep its main policy rate on hold at 3.0% came as no surprise. Looking ahead... 11th August 2016 · 1 min read
Europe Data Response Swedish Consumer Prices (July) Swedish inflation unexpectedly reached a fresh four-year high in July. But inflation is still below the Riksbank’s target and it is too soon to rule out further policy action. 11th August 2016 · 1 min read
Australia & New Zealand Economics Update New Zealand - Heading to a low of at least 1.5% in New Zealand Not only did the Reserve Bank of New Zealand today cut interest rates by 0.25% to a new record low of 2.00%, but it also suggested that rates will soon be cut again to 1.75%. In order to weaken the... 11th August 2016 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jul. 16) Swedish inflation unexpectedly reached a fresh four-year high in July. But inflation is still below the Riksbank’s target and it is too soon to rule out further policy action. 11th August 2016 · 1 min read
US Economics Update JOLT survey points to tightening labour market The latest JOLT survey suggests that labour market conditions continue to tighten, which should generate an acceleration in wage growth later this year. 10th August 2016 · 1 min read
Europe Economics Update How will the Norges Bank react to the strength of inflation? Inflation in Norway has been much stronger than the central bank forecast in June, so an interest rate cut in September looks unlikely. But we still expect inflation to fall sharply over the next 12... 10th August 2016 · 1 min read
