German inflation could stay above 2%
German inflation is likely to accelerate from its already high level. The Bundesbank said in a monthly report, that it will stay above 2% through mid-2022. Inflation has surged this year on a plethora of one-off factors from tax hikes to supply bottlenecks and commodity price rises, fueling a debate about the need for exceptionally easy […]
US consumers inflation highest in 8 years
According to a survey released by the New York Federal Reserve, the U.S. consumers’ expectations will change over the next year. In the coming three years this had rose last month to the highest levels since 2013. According to the monthly survey of consumer expectations, the inflation expectations over the next three years increased to […]
Data shows that US inflation cooling
Global equity markets and U.S. bond yields fell. This is after the data showed inflation cooling in the Unites States, when the U.S. central bank begins tapering its asset purchases. MSCI’s world stocks benchmark fell 0.33%. All 11 major sectors in the S&P 500 ended the session lower, with energy and financials falling the most. […]
ECB ready to act says Schnabel
ECB policymaker Isabel Schnabel stated that the inflation in the euro area will ease as soon as next year, but the European Central Bank is ready to act. Euro zone inflation has been rising more than expected. But the ECB has stuck to its belief of a temporary spike that is caused by higher prices of oil […]
Euro Zone inflation expectations at highest
A key market gauge of euro zone inflation expectations rose to its highest level since mid-2015. This is further a sign that investor perceptions over the direction of future inflation are shifting. In the past, although relief over a slowdown in the pace of European Central Bank purchases appeared, then the Euro zone bond yields were broadly […]
Fed taper talk lifts dollar ahead of inflation test
The dollar hovered near a four-month high against the euro and scaled a five-week peak on the Japanese yen. This is as the traders awaited U.S. inflation data and wagered a high reading could pressure the Federal Reserve to wind back policy support. The greenback has already caught a boost from the U.S. jobs data […]
BoE’s Broadbent sees reasons for inflation tide to ebb
Bank of England Deputy Governor Ben Broadbent said that a current spike in prices is unlikely to create longer-term inflation pressures but central bankers should keep a close eye on job market shortages after the pandemic. Splits have emerged among top policymakers at the British central bank on the need to remove stimulus for the […]
ECB to keep policy loose this year despite high inflation risks
The European Central Bank will not change the total size of its asset purchase program at its June 10 meeting. But it will start tapering its pandemic purchases later this year. They also showed inflation risks to the upside, according to a recent poll data. In recent weeks, with an economic recovery underway and price […]
Germany backs Central Bank’s view that inflation jump is temporary, Scholz says
Finance Minister Olaf Scholz said that Germany is monitoring a recent rise in inflation closely. But the government shares the assessment of central banks that the jump in consumer prices is largely driven by temporary factors. When asked if the jump in inflation and the European Central Bank’s ultra-loose monetary policy could become a problem for […]
SNB Chairman sees only modest inflation risk in Switzerland-Schweiz am Wochenende
Swiss National Bank (SNB) Chairman Thomas Jordan sees only modest inflation risk in Switzerland. This is because the central bank maintains cautious optimism for global economic recovery. This was derived from a newspaper interview. Jordan said in the interview with Swiss newspaper Schweiz am Wochenende that in Switzerland, they believe the inflation risk is modest. […]