Inflation expectations remained contained in the RBNZ’s latest survey. High oil prices and elevated near-term inflation don’t appear to have boosted medium-term inflation expectations. RBNZ inflation expectations survey 1 year ahead: 2.60% (Prev, 3.41%, down 81bps) 2 years ahead: 2.34% (Prev: 2.53%, down 19bps) 5 years ahead: 2.31% (Prev: 2.22%, up 9 bps) 10 years […]
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Eurozone industrial production lost momentum in June, slowing from 0.3% to 0.0% m/m, while EU output eased from 0.3% to 0.2%. On annual basis, production was only 0.1% higher y/y in Eurozone and 0.6% higher Read more…
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The US dollar strengthened against commodity currencies following the release of July US inflation data. The annual Consumer Price Index (CPI) came in at 3.4%, exactly in line with forecasts and down from the previous Read more…