Eurostat’s flash estimate shows eurozone annual inflation edging up to 2.9% in July, driven by a 10% year-on-year jump in energy prices, complicating the ECB’s path back toward its 2% target.
Tag: inflation
Posted inEconomy
Bank of England Holds at 3.75% as Hawkish Dissent Grows to Three MPC Members
The Bank of England kept its benchmark rate at 3.75% on July 30, but a surprise 6-3 vote split — with three MPC members pushing for a hike to 4% — signalled the committee is leaning hawkish.
Posted inEconomy
Tokyo Inflation Quickens a Second Month, Keeping the BOJ on Track for Another Hike
Tokyo’s core consumer prices rose 2.4% year-on-year in August, a second consecutive monthly acceleration driven by utility subsidy phase-outs and surging rice prices, reinforcing expectations for a BOJ rate hike.
Posted inEconomy
UK Inflation Falls to 2.6% in June as Diesel and Food Prices Cool
UK consumer price inflation eased to 2.6% in June 2026, its lowest reading since March 2025, driven by falling diesel pump prices and the softest food inflation since August 2024, though services costs held firm at 3.6%.
Posted inEconomy
IMF Holds 2026 Global Growth at 3% While Lifting Inflation Forecast to 4.7%
The IMF’s July 2026 update keeps global growth unchanged at 3% but raises its inflation forecast 0.3 points to 4.7%, citing an energy shock stalling the disinflation trend.
Posted inEconomy
Oil Above $100 Pushes Fed Rate-Hike Odds to 38% Before July 29 Meeting
CME FedWatch data shows a 38% probability of a Federal Reserve rate hike next week, up sharply from 12% seven days ago, as crude oil crossing $100 adds to already-elevated US inflation.
Posted inEconomy
ECB Holds Rates at 2.25% as Lagarde Warns Energy Shock Is Not Yet Fully Priced
The ECB held its deposit rate at 2.25% on Wednesday, with President Lagarde warning that inflation will remain above target until mid-2027 as Middle East energy costs continue to feed through.
Posted inEconomy
ECB Governing Council Meets Thursday in Its Most Finely Balanced Decision of the Year
With June eurozone inflation at 2.8% and growth at just 0.8% forecast for 2026, the ECB faces its sharpest hold-or-hike tension since raising rates for the first time in three years last month.
Posted inEconomy
Brent Tops $87 as Iran Escalation Refuels Global Inflation Fears
Brent crude settled at $87.20 on July 17 as renewed US-Iran strikes removed the prospect of near-term Hormuz relief, complicating the inflation outlook for the Fed and ECB at a moment when rate decisions hang on energy costs.
Posted inEconomy
US June Retail Sales Rose Just 0.2%, Weakest Gain in Five Months
US retail sales grew only 0.2% in June 2026, the smallest monthly rise in five months, as lower petrol prices dragged on receipts even as core consumer spending held up.