BoE’s Bailey: Have to watch for inflation persistence

We have to watch very carefully for consequences of inflation. Labour market is softening. Path of interest rates will continue to be gradually downwards. A major change is needed for…

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ECB’s Escriva: Symmetric 2% goal should remain ECB’s primary guide

Symmetric 2% goal should remain ECB's primary guide. New times call for vigorous policies at key moments. New times call for patience in temporary events. These are just token remarks…

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Spain June manufacturing PMI 51.4 vs 50.5 expected

Prior 50.5 That's the best reading for the year so far as the Spanish manufacturing sector posts modest growth towards the end of Q2. There was an improvement in output…

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Switzerland June manufacturing PMI 49.6 vs 44.0 expected

Prior 42.1 The improvement comes amid a notable jump in both the output and new orders. That said, the outlook remains tentative with 60% of firms expecting an increase in…

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