ECB Governing Council Wunsch: Inflation prospects are still at risk

European Central Bank Governing Council member Pierre Wunsch still believes consumer prices are at risk, including weakening the euro if the Eurozone's monetary policy deviates too far from the US. Although the Eurozone may start cutting interest rates this year, the Belgian central bank governor is urging caution. He said there are still significant risks to the wage growth trajectory and inflation in wage-intensive services. “This is not the time to commit to a defined course of action,” he said. Speaking at the Central Bank Center in Frankfurt on Wednesday, Wunsch said, “One known unknown factor is still the influence of exchange rates and

環球市場播報May 8 09:58 ET

AUD/USD is lower, and the RBA's firm stance clashes with unsettling inflation expectations

The Reserve Bank of Australia kept interest rates unchanged, which surprised the market. Facts have proven that inflation is stubborn, and the level of inflation is expected to remain high until 2025.

FX678 FinanceMay 8 05:57 ET

German Industry Won't Help Economic Growth in Coming Months -- Market Talk

German industrial production might continue to weaken in the coming months, with incoming orders still subdued, before a mild recovery in the second half of 2024, according to Commerzbank economist Ralph Solveen.

WSJMay 8 05:47 ET

Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation

In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.

Zhitong FinanceMay 7 23:22 ET

Australian Dollar Loses Ground Due to the Absence of a Hawkish RBA

The Australian Dollar (AUD) has plunged following the Reserve Bank of Australia (RBA)'s decision to maintain its interest rate at 4.35% on Tuesday. Investors sentiment leaned toward a potentially more hawkish stance from the RBA, particularly after last week's inflation data surpassed expectations. However, the RBA acknowledged that recent advancements in curbing inflation have halted, maintaining its forward guidance of "not ruling anything in or out."

FXStreetMay 7 22:42 ET

RBA Rate Cut by November Looking Harder to Achieve, BlackRock Says -- Market Talk

BlackRock is still betting that the Reserve Bank of Australia will cut interest rates by November but admits that confidence is falling around the forecasts.

WSJMay 7 21:58 ET