RBA Deputy Governor Andrew Hauser sharpened central bank’s tightening warning on Wednesday, saying another rate increase would follow if inflation stops improving. Speaking at an event in Queensland, Hauser said: “If those upside risks to inflation crystallise and we don’t see inflation coming down, we will have to raise interest rates again and we will […]
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Markets Bear steepening turned into bear flattening in Europe yesterday. Daily changes on the German yield curve ranged between +2.4 bps (30-yr) and +5 bps (2-yr). EU swap rates added 0.9 bps (30-yr) to 4.5 Read more…
In focus today In the US, the minutes from the FOMC’s July meeting are released this evening. Markets are looking for a more detailed sense of the committee’s thinking beyond Kevin Warsh’s limited forward guidance. Read more…
UK inflation accelerated in July, with CPI rising from 2.6% to 2.9% y/y, matching consensus. Prices increased 0.3% m/m, compared with 0.1% in July 2025. Core CPI held at 2.6% y/y, slightly above expectations for Read more…