Policy

21 May 2026
Russia PPI swings into inflation, fuelling rate hike bets and volatility across rouble, bonds and stocks

Russia’s Producer Price Index rose 5.5% in April, reversing March’s 7.8% decline, a 13.3-point swing.

21 May 2026
Bank Indonesia’s surprise 50bp rate hike and tighter FX measures bolster rupiah amid global turmoil

Bank Indonesia hiked rates 50bp to 5.25%, tightening FX measures to stabilise rupiah amid volatility.

20 May 2026
Eurozone Core Inflation Holds at 2.2%, Easing Pressure on ECB as Rate-Cut Bets Shift to July

Eurozone core Harmonised Index of Consumer Prices climbed 2.2% year-on-year in April, matching forecasts and expectations.

20 May 2026
Wunsch Warns ECB Must Act as Inflation Persists, Markets Price Further Rate Rises

Pierre Wunsch warns ECB must act as inflation begins; euro steady while EUR/USD dips amid strong dollar.

20 May 2026
South Africa’s April CPI jump puts SARB cuts off table, bolsters rand appeal

South Africa’s CPI rose 1.1% in April, up from 0.6% in March, signalling faster price increases.

20 May 2026
South Africa inflation edges above forecast, curbing SARB rate-cut expectations and lending support to rand

South Africa’s CPI inflation rose to 4% in April, slightly above forecasts, indicating higher-than-expected price growth.

20 May 2026
ECB’s Moulin urges patience on June decision as inflation risks persist and euro steady

ECB’s Moulin says June policy changes premature; urges vigilance on inflation as euro slips, ECB tools explained.

20 May 2026
Philadelphia Fed’s Paulson favours steady rates, flags elevated inflation risks and potential hikes

Paulson favors holding rates; cuts require sustained inflation progress, stable jobs. Hikes possible if growth strengthens.

20 May 2026
USD/CHF eyes 0.7900 as bullish engulfing emerges; policy divergence lifts franc and options demand

USD/CHF surged 0.58%, reclaiming 50-day SMA; bulls target 0.7900, 200-day, 0.8000 as RSI strengthens.

20 May 2026
US Treasury yields climb as oil-led inflation fears lift term premia and challenge Fed cut outlook

Treasury yields surged as oil-driven inflation fears and deficit worries lift term premiums, delaying Fed cut expectations.

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