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services inflation
Articles related to services inflation
Stubborn UK Inflation Keeps BoE Split, but December Rate Cut Still in Play
UK inflation has peaked, but the latest data is a tad hawkish for the Bank of England. Food inflation was strong, which is red meat for the hawks. Services inflation rose, once volatile items are stripped out. However, we still expect the Bank to cut rates in December
Eurozone Inflation Holds Near Target as ECB Stays in Its ‘Good Place
Energy price developments have resulted in a tick down in headline inflation, while core inflation remains at 2.4%. Overall, the inflation environment seems to remain very stable around the ECB's target for the moment
UK Inflation Peaks as Food and Services Ease, Reopening the Door to a December BoE Rate Cut
Both food and services inflation are undershooting the Bank of England's forecasts, and together with softer wage growth, that brings another 2025 rate cut firmly back into play. Everything now depends on the details of the November Autumn Budget
Romania’s Inflation Holds Below Expectations as Food Prices Ease and Growth Risks Mount
Price pressures remained at a constant 9.9% in September, with seasonal food items offering mild relief. Services inflation continues to show resilience, and wage growth dipping below 5.0% adds further drag on demand. Our year-end projections remain 9.6% for 2025 and 4.5% for 2026
Hungary’s Inflation Stuck Above Target Despite Currency Strength and Government Measures
Hungary's September inflation numbers came in flat as expected, but we don't take long-term comfort in that. Price pressures are still far from the central bank’s target. Looking ahead, there is some light at the end of the tunnel. A warning, though: it could be a train
Czech Republic: Softer Inflation Driven by Food Prices, but Services Keep Pressure High
Unprocessed food was mainly responsible for Czech headline inflation ticking lower. Meanwhile, pricing in services remains robust, and may affect inflation expectations. One softer-than-expected inflation print is unlikely to alter the central bank's hawkish stance. We'd need to see more relaxed core inflation and disinflation in services first
Italy’s Inflation Stable at 1.6% in September Amid Stagnant Economy
With all driving factors set to remain in place, we expect inflation in Italy to continue to move within a narrow sub-2% band over the fourth quarter and confirm our forecast for average 2025 inflation at 1.7%
UK Labour Market Cools Further as Wage Growth Eases, Keeping BoE Rate Cuts in Play
Private sector employment fell further in August, which should help take wage growth below 4% by year-end. That keeps the door open to further Bank of England easing, though our call for a November rate cut hangs in the
Bank of England: November Rate Cut Likely Despite Inflation Risks and Fiscal Uncertainty
Unlike financial markets, we still think the odds are tilted slightly in favour of another Bank of England rate cut in November. Nothing is guaranteed, though, and these are the key data points that will decide the fate of the Bank's easing cycle later this year
UK Inflation Shows Mixed Signals; November BoE Rate Cut Still Possible
UK inflation was higher than expected in July, but given it was driven primarily by airfares, the Bank of England won’t be too concerned. A November rate cut hangs in the balance, though it remains our base case
Norges Bank Prepares for Hawkish Cut Amid Mixed Economic Signals
At its last meeting in January, Norges Bank’s Monetary Policy Committee kept the policy rate unchanged at 4.5% but reiterated the guidance that “the policy rate will likely be reduced in March”. Since then, spot activity data remained subdued, but the labour market showed signs of resilience and business expectations turned more positive.
JPY Softens Despite Firm CPI; BoJ Cautious Ahead of Tariff Uncertainty
The yen is finishing the week on a softer footing with USD/JPY rising back above 149.50 after hitting a low yesterday at 148.18. The pair is currently on course for the second consecutive week of modest gains. The yen has been undermined this week by the BoJ’s cautious policy update (click here) when they expressed more unease over elevated overseas uncertainties which were described as “rising quickly”.
GBP Steady as BoE Eyes Gradual Cuts Amid Resilient Inflation and UK Growth
The pound has outperformed alongside other European currencies this month benefitting from the significant improvement in investor sentiment towards the region. It has helped to lift cable back up towards the 1.3000-level for the first time since last year’s US election. In contrast, the pound has weakened modestly against the euro lifting EUR/GBP back above the 0.8400-level for the second time this year.
Bank of England Maintains Caution Amid Inflation Improvement: Rate Cut Expectations on the Horizon
GBP: Services Inflation Expected to Persist Above 6%, BoE's Dovish Stance Unlikely to Shift
Assessing the Impact: UK Wages and CPI Figures for December and Their Implications on Monetary Policy
This Week's Focus: US Jobs Report Signals Economic Uncertainty, Turkey Anticipates Annual Inflation at 65.1%
In Focus: UK CPI Figures - Pound Sterling Awaits Inflation Data Release
Tightening the Reins: Bank of England Resists Early 2024 Rate Cuts Despite Market Expectations
Tidings of an Early Market Cheer: Federal Reserve Paves the Way, Bank of England and ECB on Deck
Turbulent Markets: Central Banks Grapple with Inflation as China Enters Deflation
Bank of England Pushes Back Against Rate Cut Expectations Amidst Market Repricing
Taming Rate Cut Expectations: Bank of England's Stance and Market Dynamics in 2024
Prolonged Softness in Services PMIs Amid Unchanged RBA Rates: Insights by Michael Hewson
Trend of Improvement: Turkey's Underlying Inflation Holds at 61-62% for Third Consecutive Month
Taming Inflation: Bank of England's Services Inflation Falls Below Forecast, Diminishing Rate Hike Prospects
GBP: Soft Services Inflation Diminishes BoE December Hike Prospects
UK Economy Remains Stagnant in Q3 Amid Concerns of a Looming Recession
EUR/USD Nears 1.0660 as ECB's Lagarde Takes the Stage
Impact of Energy Base Effects: Italian Inflation Plummets to 1.8% in October, Paving the Way for Potential Winter Rebound
UK Economy Shows Signs of Contraction Amid Volatility and Rising Rates
German Inflation Holds Steady at 6.1% Amid Economic Weakness, ECB's Dilemma Looms
Unlocking the Future: Key UK Wage Data and September BoE Rate Hike Prospects
Hungary's Temporary Inflation Uptick: Food Price Caps and Fuel Costs in Focus
Bank of England: Falling Corporate Price Expectations May Signal Peak in Rate Hike Cycle
UK Monetary Policy Outlook: A September Hike Likely, but November Uncertain
Bank of England's Rate Dilemma: A September Hike and the Uncertain Path Ahead
Eurozone Inflation Trends and ECB Meeting: Assessing Monetary Policy Options
French Inflation Surges in August Due to Energy Prices
UK Service Sector Contracts Amidst Rate Hike Impact: Insights from Latest PMIs
Market Reaction to Eurozone Inflation Report: Euro Steady as Data Leaves Impact Limited
Strong UK Wage Growth Sets Stage for September Rate Hike Amid Cooling Job Market
UK Inflation and Wage Data: Shaping the Path for the Bank of England After November
GBP: Solid GDP Figures Fail to Alter BoE's Perspective
UK Manufacturing Surge Lifts Q2 Growth: Insights and Outlook
Unpacking the Latest US CPI Data: Impact on Fed Policy and USD Exchange Rates - Insights from Paweł Majtkowski, eToro Market Analyst
Continued Disinflation Trend in Hungary: July Inflation Figures and Prospects
Bank of England Keeps Options Open After Smaller Rate Hike on Better Inflation News
Trader Who Predicted Bitcoin Crash Sends Warning About Investing
RBA Pauses Rates as Australian Dollar Slides; ISM Manufacturing PMI in Focus
Italian GDP Contracts in Q2, Posing Disinflation Challenges
UK Inflation Data Boosts Chances of August Rate Hike
UK Inflation Data Holds the Key for August Rate Hike Decision
UK Inflation Data Holds the Key to August Rate Hike Decision
Weak Second Half Growth Impacts Overall Growth Rate for 2023
Producer Price Fall and Stickier Services Inflation: Impact on CPI and Resilient Consumption
Moderate Outlook: Growth and Disinflation Trends in the French Economy
Growth Shifts to Services Amid Weakening Industry, Consumption Benefits from Employment and Decelerating Inflation
French Economy Faces Challenges Amid Disinflationary Trend
UK Wage Growth Surges, Fueling Speculation of 50bp Rate Hike
BoE's Waning Confidence in Surveys: Shifting Focus to CPI and Average Earnings
Inflation Outlook and Rate Hikes: Assessing the Impact on UK Economy and Consumers
Bank of England Signals Two More Rate Hikes as Inflation Concerns Persist"
Divergence in Goods and Services Inflation: Implications for Core Inflation and the Outlook
European Central Bank: Balancing Inflation and Growth Outlook
US ADP and JOLTs data in focus as European markets face continued losses
European Markets Await RBA Decision as US Observes Independence Day
Bank of England Scratches Its Head as Stubborn Inflation Challenges Price Stability Ambitions
Beyonce Bounce and Soaring UK Inflation: A Challenge for Bank of England
UK Inflation Surges, Putting Pressure on Bank of England: Rate Hike Expectations Rise
UK Inflation Surprises Again: Implications for GBP and Bank of England's Monetary Policy
UK CPI Data Sets the Stage for Bank of England Rate Decision
UK CPI (May) Falls Short of Expectations with Core Prices Holding Steady
Examining the Inflation Outlook: Anticipating a Summer Turnaround and its Impact on Bank of England's Monetary Policy
CEE: Increasing Odds of Rate Cut in Poland as Inflation Concerns Ease
