Economy
ANZ flags November RBA hike risk as Australia inflation proves sticky
Trimmed mean CPI rose 0.5% in July, exceeding expectations and prompting ANZ to warn of a potential November rate increase by the Reserve Bank of Australia.
Australia's persistent inflation raises odds of November rate hike
Trimmed mean CPI rose 0.5% in July, exceeding forecasts and pushing the annualized three-month measure to a record 4.7%. Markets price in a 40% chance of a hike next month.
U.S. inflation cools market sentiment ahead of Jackson Hole
July PCE data shows sticky prices, stocks mixed as dollar strengthens and copper hits record high. Fed’s Warsh speech awaited.
ECB’s Schnabel says further rate hikes needed amid inflation risks
ECB board member warns policy rate is insufficient to return inflation to target, citing strong eurozone growth and geopolitical pressures.
Indonesia's Destry Damayanti backs growth policies if named central bank chief
Destry Damayanti, interim central bank governor and sole nominee for the top post, told lawmakers she would prioritise policies supporting economic expansion and rupiah stability if confirmed.
European yields rise after Schnabel warns on rates
German Bund yields climb from two-week lows as ECB's Schnabel signals further hikes may be needed. U.S. Treasury yields also advance ahead of Jackson Hole remarks.
ECB seen poised for September rate hike amid persistent inflation pressures
Eurozone central bankers may raise benchmark rate to 2.5% next month to curb inflation near 3%, while markets expect one or two additional hikes. Robust growth outlook limits further tightening.
UK entry-level jobs plummet 36% as AI, automation reshape labor market
Survey finds nearly half of large UK firms cut entry roles last year, citing AI and automation; youth unemployment hits decade high. Government warned of 'lost generation' risk.
German inflation rises to 2.9% in August, below expectations
German consumer prices rose 2.9% year-on-year in August, up from 2.8% in July but below the 3.1% forecast. Energy inflation accelerated to 10.5% amid regional supply pressures.
Eurozone growth accelerates, ECB rate hike bets firm up
Eurozone GDP rose 0.45% in Q2, led by exports, while inflation pressures persist. Traders price in a September ECB rate hike as officials warn of prolonged energy risks.
Warsh signals Fed policy shift in Jackson Hole speech
Federal Reserve Chair Kevin Warsh’s remarks at Jackson Hole reaffirmed the central bank’s 2% PCE inflation target and aligned his stance with FOMC consensus. Markets reassess September rate hike odds.
German inflation rises to 2.9% in August as energy costs surge
Consumer prices accelerated on higher energy costs, exceeding analyst estimates, while core inflation held steady. Euro zone data due Tuesday may show a similar trend.
India report warns higher food inflation may curb non‑food spending
The government's August monthly economic report says rising food prices could limit household expenditure on discretionary items, while noting uncertainty from an intensifying El Niño and monitoring bond‑market risks.
German inflation rises to 2.9% in August, nearing 3% mark
Consumer prices in Germany accelerated for a second straight month in August, driven by energy costs amid Middle East supply risks. Economists expect further upward pressure on core inflation.
Brazil’s Focus survey shows lower inflation, growth forecasts for 2026
Weekly central bank survey of economists cuts 2026 GDP and inflation expectations as Selic rate cut expectations firm for September. USD/BRL outlook remains steady.
German inflation rises to 2.9% on energy, low Rhine water
Consumer prices in Germany accelerated in August, driven by surging energy costs and disruptions to shipping on the Rhine due to drought. Core inflation held steady at 2.4%.
Fed's Warsh signals shift toward traditional policy stance at Jackson Hole
Federal Reserve Chair Kevin Warsh used his first Jackson Hole address to align his communication with conventional central banking, reiterating the 2.0% inflation target and detailing his data-driven approach. Markets responded with expectations of tighter policy.
Brazil's gross debt rises to 82.5% of GDP in July
Gross public debt increased to 82.5% of GDP in July from 81.9% in June, exceeding market expectations. Primary surplus fell short of forecasts amid state deficits.
Portugal’s GDP grows 0.8% in Q2, matching initial estimate
Second-quarter expansion driven by net exports and private consumption, offsetting weaker investment. Year-on-year growth accelerates to 2.5%.
India's Q1 GDP growth slows to 7.8% from 8.6% in prior quarter
Growth in Asia's third-largest economy decelerated in the three months to June as domestic demand cooled, government data showed on Monday. The expansion still outpaced most major peers.
Greece's unemployment falls to 7.9% in July, ELSTAT reports
ELSTAT said the seasonally adjusted jobless rate dropped to 7.9% in July from 8.1% in June, with 376,508 people unemployed. Female unemployment stood at 10.4%, male at 5.9%.
Czech government targets 2027 deficit of 389 billion crowns
Finance Minister Alena Schillerova said the 2027 central government budget will run a 389 billion‑crown deficit, up from 310 billion crowns planned for this year, while meeting NATO's 2% defence spending floor.
India's April-July fiscal deficit narrows to $47.8 billion
Shortfall at 4.55 trillion rupees, or 26.8% of annual target, as revenue rises and spending increases. Deficit target remains 4.3% of GDP for FY27.
India's GDP growth slows to 7.8% in Q2, down from 8.6% in Q1
Quarterly expansion misses expectations as manufacturing and services growth moderates, with full-year target of 6.5-7.0% maintained. Government data released Monday.
India's April-July fiscal deficit at 26.8% of FY27 target
Deficit widens to 4.55 trillion rupees in the first four months of the fiscal year, driven by higher capital spending. Target for full year remains 4.3% of GDP.