16 June 2022
Chris Scicluna
- Despite intensified price pressures, the BoE is likely to hike by just 25bps today as GDP weakens and the external demand outlook clouds
- Japan’s adjusted trade deficit hit a series high due to a surge in energy imports
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15 June 2022
Chris Scicluna
- The PBoC eschewed a rate cut, helping the yuan to appreciate.
- Japan’s services data signalled the likelihood of firm GDP growth in Q2 with machine orders up sharply too.
- The Fed now seems bound to hike the FFR target range by 75bps later today.
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14 June 2022
Chris Scicluna
- Softer UK labour market data suggest that weak economic activity might be starting to take its toll, with certainly no signs of a wage-price spiral
- Drop in Japanese IP in April bigger than previously thought as China lockdowns exacerbated supply woes
- Big rise in German inflation in May confirmed
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13 June 2022
Chris Scicluna
- Will the Fed dare hike more than 50bps and the BoE dare to hike more than 25bps? And will the BoJ remain passive in the face of the weak yen?
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10 June 2022
Chris Scicluna
- Chinese price pressures moderate further leaving scope for further policy easing
- Japanese goods PPI inflation unexpectedly eases somewhat despite weaker yen
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