Euro zone’s best growth days may already be in the rear-view mirror

August 21, 2015

The latest euro zone flash purchasing managers’ indexes may have surprised slightly on the higher side, but many are still not convinced that better economic growth is coming later this year.

Inventory pile underscores risk Philly Fed could go the Empire State way

August 20, 2015

Obama visits General Electric in Schenectady New York

“Nothing to see here, folks” was the reaction most analysts had to a completely shocking report earlier this week that showed manufacturing business conditions in New York State deteriorated at their fastest pace since the start of the financial crisis.

U.S. Fed interest rate “crawl-off” not yet fixed for September

July 28, 2015

?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????A U.S. Federal Reserve interest rate hike in September is almost certain according to many forecasters and investors, but the decision to tighten policy for the first time in nearly a decade is not as clear-cut as it may appear.

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.

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.

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.

Core Blimey! Why Britons should look beneath headline inflation

May 20, 2015

???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????We all now know by now that British inflation has dipped to slightly less than zero, its weakest since 1960. Much of the recent weakness is down to the same reason inflation is so low in the euro zone, Britain’s main trading partner: the collapse in the price of oil.

Still waiting for the great wage rebound

May 7, 2015

AIt’s now been well over a year since the two major central banks most likely to raise interest rates in the near future warned us we should pay attention to pay.