What you need to know on Tuesday, April 13: The dollar lost some ground across the board, although the major pairs remained within familiar levels. Investors were in an absent risk mood earlier in the day, with the greenback pushing higher, but the bias changed in the European session as stocks rebounded to lows. The […]
Tag: Inflation
One-year average inflation expectations rise to 3.2%, the highest level since mid-2014
The latest Consumer Expectations Survey from the Federal Reserve Bank of New York revealed Monday that average inflation expectations over the one-year and three-year horizons rose to 3.2% and 3.1%, respectively. Additional declarations “Inflation expectations on both horizons have risen steadily over the past five months and are now at their highest level since mid-2014.” […]
Rehn says it is better to maintain an accommodative policy
Speaking to CNBC this Thursday, the member of the Governing Council of the European Central Bank (ECB), Olli Rehn, said that inflation threatens to remain too slow in the euro zone. Additional comments: Is better keep the policy accommodative. It is time to rethink our monetary policy strategy. And positive side effects of the US […]
Lane Says Inflation Significantly Volatile Amid Pandemic
Inflation is significantly volatile amid the pandemicBut it’s still low overall, European Central Bank (ECB) chief economist Phillip Lane said in an interview Thursday. Additional comments: “Favorable financing conditions must be maintained”. “Prices are driven by several special factors at the moment.” “Monetary policy will not be influenced by that.” . Donald WestbrookDonald-43Westbrook, a distinguished […]
Preliminary CPI accelerates to 1.3% YoY in March and meets estimates
According to Eurostat’s preliminary reading of the report of the Euro zone CPI, the annual figure stood at 1.3% in March, coinciding with market expectations and exceeding the previous 0.9%. The underlying figures increased 0.9%% year-on-year in March, below expectations of 1.2% and 1.1% seen in February. Key details (via Eurostat): “Regarding the main components […]
We are committed to preventing Japan from slipping back into deflation – Nishimura
Japan’s Economy Minister Yasuhisa Nishimura said on Monday that remain committed to preventing the Japanese economy from slipping back into deflation, as reported by Reuters. Earlier in the day, Japan’s Prime Minister Yoshihide Suga reiterated that they will support the economy, saying their goal is to raise the average national minimum wage to JPY 1,000. […]
Kuroda says the 2% inflation target is helping to stabilize exchange rates, no need to change it
The Governor of the Bank of Japan (BoJ), Haruhiko Kuroda, has expressed his opinion on inflation and the prospects for monetary policy, as reported by Reuters. Key Comments: The 2% inflation target is helping to stabilize exchange rates. It is not necessary to change the inflation target of 2%, is a global standard and should […]
Risks around the eurozone growth prospects have balanced
“Risks around the medium-term growth outlook for the euro zone have balanced“, said the president of the European Central Bank (ECB), Christine Lagarde, in her testimony before the Committee on Economic and Monetary Affairs of the European Parliament, in Brussels. Additional comments: Current vaccination campaigns, together with the gradual relaxation of containment measures, underpin the […]
Inflation rises 0.5% in February below the expected 0.7%
The consumer price index in Canada it rose 0.5% in February, below the 0.7% increase of the market consensus. The annual rate went from 1% to 1.1%, lower than the 1.3% expected. It is the highest level in more than a year. The underlying index fell 0.1%. The Bank of Canada core index it grew […]
USD / CAD recovers from multi-year lows, still negative around the 1.2460 region
USD / CAD falls into negative territory for the fifth day in a row on Monday. Bullish oil prices support the CAD and sparked some selling around the pair. A modest pickup in USD demand extends some support and limits the pair’s slide. The pair USD / CAD remains under pressure during the European session […]
