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April 30, 2024
Eurozone Data Review: Less Weak But Soft Domestic Demand Taking Less Toll on Core Inflation?
April 30, 2024 9:29 AM UTC
According to revised official national accounts data, the EZ economy was in recession in H2 last year, albeit modestly so and against a backdrop of marked, if not increasing, national growth divergences. This geographical variation continued into Q1 (Figure 1) where the flash GDP reading exceeded ex
April 29, 2024
German Data Review: Inflation Edges up Amid Less Resilient Services and Core Rate?
April 29, 2024 12:38 PM UTC
As we have repeatedly underlined, base effects continue to distort the German HICP/CPI readings, but the March data came in a notch below expectations for a third successive month. Indeed, it fell from 2.7% to a 33-month low of 2.3% in the March HICP data, dominated by a clear fall in food inflati
April 26, 2024
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April 24, 2024
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April 22, 2024
BoJ Preview: Showing no hurry
April 22, 2024 6:13 AM UTC
Our central forecast is for the BoJ to remain on hold for interest rate and signals the market they are in no rush to further tighten while allowing trend inflation data to lead policy direction in their forward guidance. BoJ has moved interest rate to 0% and officially removed YCC in March, citing
April 19, 2024
April 18, 2024
April 17, 2024
April 16, 2024
U.S. March Industrial Production - Manufacturing backing improved ISM signal
April 16, 2024 1:34 PM UTC
March industrial production with a 0.4% increase was in line with expectations though manufacturing with a rise of 0.5% exceeded expectations and there appears to be some underlying improvement there.
April 15, 2024
April 12, 2024
U.S. April Michigan CSI - Lower but inflation expectations rise
April 12, 2024 2:13 PM UTC
April’s preliminary Michigan CSI of 77.9 is down from March’s 79.4 but still above February’s 76.5 and generally healthy. Inflation expectations moved higher, the 1-year view to 3.1% from 2.9% and the 5-10 year view to 3.0% from 2.8%, its highest since November.
April 11, 2024
RBI Holds Rates Firm, Citing Room for Economic Growth
April 11, 2024 5:44 AM UTC
In line with our expectations, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) chose to maintain the policy repo rate at 6.5% in its latest meeting. The decision reflects their aim to gradually scale back stimulus measures while still supporting economic growth. It also unders
April 10, 2024
April 09, 2024
Mexico CPI Review: Slightly Below Expectations, with Concerns in Service
April 9, 2024 6:43 PM UTC
Mexico's March CPI data, released by the National Statistics Institute, shows a slight increase of 0.29%, below the 0.36% expectation. Year-on-year CPI remains stable at 4.4%, above Banxico's 3.0% target. While fruit and vegetable prices dropped, transport costs rose. Concerns arise with Services CP