UK pay may be taking off but rates will stay grounded for a while yet

July 2, 2015

The Bank of England is seen through columns in LondonBritish wage growth will outstrip the Bank of England’s forecast this year but that doesn’t mean the first rate hike will come sooner.

Grexit polled probability strikes danger zone for the first time

June 30, 2015

Man walks by a bank in Athens, GreeceWhile Greece has been trapped in the clutches of an economic and sovereign debt crisis for half a decade, it has only been over the last month that the risk of leaving the euro has risen so dangerously high.

Euro zone bank lending to businesses still in the doldrums

June 26, 2015

About a year ago, the European Central Bank singled out a recovery in bank loans to private businesses as crucial to a lasting economic recovery – and even more crucially for the ECB, a rise in inflation which it targets at 2 percent.

from Rahul Karunakar:

ECB TLTROs working but lending has a long way to go

June 24, 2015

A labour council representative holds a facsimile 500 euros note with the portrait of Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, before the French carmaker Renault's shareholders general meeting in Paris

Almost a year after the European Central Bank announced new cash loans tied to actual lending to small and medium enterprises, data on Friday is expected to show euro zone private loans are picking up pace.

UK pay finally on the rise?

June 17, 2015

We’ve been told for years that a meaningful pickup in wages – usually the primary driver of domestic inflation – was required to set the stage for interest rate hikes both in the UK and the U.S.

Brazil’s relentless rate hikes shielding economy from inflation bout

June 16, 2015

Employee arranges pricetags at vegetables work bench during the opening day of upmarket Italian food hall chain Eataly's flagship store in downtown Milan

Brazil’s relentless series of interest rates hikes is successfully lowering inflation expectations – despite recent signs to the contrary, from lottery to tomato prices.

India’s central bank nearing policy crossroads

June 11, 2015

Traffic moves at busy intersection in New DelhiThe Reserve Bank of India is facing a fork in the road for the first time since Governor Raghuram Rajan took office amid much fanfare and started targeting inflation as the central bank’s primary mandate.

Grexit and Brexit

June 9, 2015

There is one day to go before Greek Prime Minister Alexis Tsipras is supposed to meet EU bigwigs in a push for a political agreement on cash-for-reforms. Oneᅠglitch, though: the EU has only just received Tsipras’s new proposal, one that was supposed to have been  handed over on Friday. Germanyメs Angela Merkel, Franceメs Francois Hollande and European Commission President Jean-Claude Juncker are not being given much time to prepare for their chat with the Greek leader.

When America gets snippy about Europe

June 8, 2015

One of the sideshows of the Greek crisis has been the noise on the subject from the United States, which in short just wants Europe to get on with it and make a deal. There was more of this over the weekend at the Group of Seven meeting in Germany, although not quite so blunt as some recent forays. Barack Obama was keen to join Germany in hoping for a speedy solution. But the White House did again remind those who may not be aware that global financial markets may get unhappy if there is no agreement.

A bit of Greek clarity from an act of defiance

By Mike Peacock
June 5, 2015

People make their way past a stencil by street artist Flip in Athens

Greece’s decision to delay a 300-million-euro payment to the IMF today and instead try to meet all June’s payments at the end of the month was probably an act of bravado for domestic consumption but it also clarifies things.