Long policy hold supports fragile recovery – UOB

Long policy hold supports fragile recovery – UOB

UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya note that the Bank of Thailand (BoT) kept its policy rate at 1.00% and is expected to hold this level through 2027. They stress that Thailand’s recovery is narrow, with strength in technology exports but weak household demand and SME credit. They see cost-push inflation as temporary and […]

Stronger Dollar and Fed risks weigh – ING

Stronger Dollar and Fed risks weigh – ING

ING’s Frantisek Taborsky warns that a stronger Dollar and lingering Fed hike risks are pressuring Central and Eastern European currencies. Weaker FX raises inflation concerns for open CEE economies just as higher Oil and food prices loom. Market pricing has reduced rate-hike expectations in Poland and Czech Republic while increasing rate-cut bets in Hungary. Fed […]

US core PCE inflation set to remain elevated in May, keeping Fed on alert

US core PCE inflation set to remain elevated in May, keeping Fed on alert

The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for May on Thursday at 12:30 GMT.  The PCE Price Index is closely watched by market participants because it is the Federal Reserve’s (Fed) preferred measure of inflation and could influence its policy outlook. Anticipating the […]