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Markets April UK inflation figures set the tone from the start of trading. The Bank of England, with a leading role for chair Bailey, hyped the number way in advance as coming a long way in the direction of the 2% inflation target. That was because of the anticipated drop in the cap on regulated […]

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12/01/2024

Will the UK Inflation Data Pour Cold Water on BoE Rate Cut Bets?

BoE highlights “higher for longer” message in December Yet, investors are penciling in aggressive rate reductions CPI inflation data for December could well impact that view The numbers are scheduled for Wednesday at 07:00 GMT Investors don’t pay attention to BoE’s signals At its December policy gathering, the Bank of England kept interest rates unchanged […]
30/11/2023

Eurozone Disinflation Accelerates as Markets Price in April Rate Cut

Eurozone inflation fell much further than expected in October, leaving the headline HICP rate within touching distance of the ECB’s 2% target. While policymakers have continued to push back against talk of rate cuts, the questions will be impossible to ignore now with markets pricing in one in April and at least four in total […]
02/07/2024

RBA Minutes: Gaps Are Narrowing, And So Is The Path

The RBA’s strategy relies on assessing gaps between supply and demand. There are uncertainties involved in this approach, but so far, the inflation outlook hasn’t changed enough to spur a rate increase. The minutes for the RBA Board’s June 2024 meeting highlighted that levels matter in the RBA’s view of the economy, as well as […]