19 June 2023
Emily Nicol
,
Chris Scicluna
- BoE expected to hike Bank Rate by a further 25bps, but in the event of a sizeable upside surprise to May’s CPI report we wouldn’t rule out a larger 50bps increase
- Flash euro area PMIs likely to point a further moderation in economic recovery momentum
- Japanese CPI figures expected to report a slight easing in headline inflation, but a further increase in underlying price pressures
- Fed Chair Powell’s monetary policy testimony to Congress likely to reiterate that the current inflation outlook justifies further policy tightening this cycle
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16 June 2023
Chris Scicluna
,
Emily Nicol
- Detailed inflation data and labour cost and slack figures in focus in the euro area
- BoE household inflation attitudes survey to be closely watched ahead of next week’s policy decision
- Michigan consumer survey expected to suggest that US consumer sentiment remains soft as price expectations remain elevated
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15 June 2023
Chris Scicluna
,
Emily Nicol
- PBoC cuts 1-year loan rate as Chinese recovery momentum ebbs
- Retail sales and IP reports due on a busy day for US data after the Fed’s hawkish pause
- Net trade on track to provide a boost to Japan’s GDP growth
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14 June 2023
Chris Scicluna
,
Emily Nicol
- Fed set to pause tightening cycle, focus on dot-plot and guidance for near-term policy path
- Euro area IP to have risen in April, but will fail to reverse the weakness at the end of Q1
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13 June 2023
Chris Scicluna
,
Emily Nicol
- Japanese survey signals marked improvement in domestic economic conditions and expectations for the second half of the year
- Final German CPI inflation data confirmed a notable drop in headline inflation to a fifteen-month low
- As the FOMC’s two-day meeting gets underway, all eyes will be on US CPI report, with headline inflation expected to fall to the lowest since March 2021
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