Policy

22 May 2026
Eurozone PMI slump and energy-driven inflation keep ECB on course for June rate rise amid Gulf risks

Eurozone PMI drops signal weak Q2 growth, but rising input costs strain ECB; June hike likely, energy risks.

21 May 2026
US Building Permits Beat Forecast in April, Strengthening Housing Outlook and Clouding Fed Rate-Cut Path

US building permits rose to 1.442M in April, beating the 1.39M forecast by 0.052M month-on-month.

21 May 2026
US jobless claims average slips to 202,500, clouding Fed rate-cut expectations amid low volatility

US four-week average initial jobless claims fell to 202.5K in week ending May 15, down 1.25K.

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.

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