German headline inflation dropped in March to the lowest level since last summer. However, there are still no signs of any broader disinflationary trend outside energy and commodity prices
Bank of England, Andrew Bailey BOE: Inflation is likely to come down sharply in the UK, it’s very high.
The economy is stronger than expected, but wages are weakening.
The People’s Bank of China has already cut its Required Reserve Ratio and has continued to pump liquidity into the money market over the past few days. Is this about global market volatility or is it more about the domestic economy?
Another improvement in sentiment in the German economy as the Ifo index increased for the sixth month in a row in March. However, we fear that the latest financial turmoil will reach the real economy in the coming months.
Wells Fargo Financial Institution: The Federal Reserve will increase interest rates, but the end of the monetary contraction cycle is coming!
7 members out of 9 voting members of the Bank of England voted to increase and 2 members voted not to change the interest rate.
Federal Reserve Chairman Powell: Isolated banking problems can threaten the banking system if not addressed.
According to the Wall Street Journal: JP Morgan had bags of material stored in a warehouse in the Netherlands that was supposed to contain nickel but turned out to be full of rock. The London Metal Exchange announced last week that sacks believed to hold 54 tonnes of nickel in an undisclosed warehouse did not meet their standards.
Reserve Bank of Australia Minutes: Governing Council agrees to revisit interest rate freeze case
Restrictive policy and an uncertain outlook are appropriate at some stage to keep rates steady
TOEFF provides time to reassess the outlook for the economy
January’s dip in services inflation seems to have been a temporary one, and the bounce back in core CPI in February is unwelcome ahead of the Bank of England’s meeting this week. We expect a final 25bp hike on Thursday
