June 21, 2022
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France and Europe: Plus ça change…

  • The failure of Emmanuel Macron’s coalition to secure a new majority in France’s National Assembly last weekend endangers his domestic reform agenda and reform prospects for the EU as a whole — starting on 23/24 June.

By Alastair Newton

June 20, 2022

Mann - UK monetary policy in the context of global spillovers

Catherine L. Mann says changes in interest rates in the US can affect the UK economy. And she explains how that has influenced her thinking on what should happen to interest rates in the UK.

June 17, 2022
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EA: Inflation Trend’s Momentum Dips

  • EA HICP inflation was unrevised from 8.05% in the final print for May-22, and the HICPxT rose to 8.2% y-o-y, in line with our forecast.
  • Unlike the current consensus, we still expect the headline rate to rise again in June. However, the upside in our forecast is relatively small, with the peak still looking flat.
  • The underlying inflation impulse may have softened in May. Nonetheless, it remains too high and is raising the annual rates of most statistical measures we track.

By Philip Rush