Economy
ECB minutes signal likely September rate hike amid persistent inflation
Minutes from July’s ECB meeting indicate further tightening may be required if inflation remains elevated. Markets price in a near-certain rate increase on Sept. 10.
Fed’s Hammack says time may be right for rate hike amid inflation concerns
Cleveland Fed President Beth Hammack signals support for a rate increase, citing persistent inflation above target. Next policy meeting remains weeks away.
Citrini Research forecasts bond rally as U.S. fiscal, Fed policies align
Research firm anticipates a narrowing yield spread between 5-year and 30-year Treasuries by November as Treasury and Fed coordinate debt strategy. Policy shift could drive long-dated bond outperformance.
Sweden lifts 2026 GDP growth forecast to 2.5% ahead of September election
Centre-right coalition raises growth outlook on policy support, citing stronger household finances and lower inflation. Opposition leads in latest polls.
ECB minutes signal stronger case for September rate hike
July meeting minutes and recent data point to growing support among policymakers for a rate increase next month, with risks to inflation remaining tilted to the upside.
ECB signals likely July rate hike after July meeting pause
Minutes show officials prepared to raise benchmark rate to 2.5% from 2.25% as inflation nears 3% and corporate lending surges 4.4%.
Kansas City Fed's Schmid signals further rate hikes despite limited restraint on economy
Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, stated that current policy rates do not appear to be restricting economic activity, while reiterating support for additional hikes to achieve the 2% inflation target.
Fed’s Warsh faces inflation test as U.S. prices rise again
U.S. inflation remains stubbornly above target ahead of the September Fed meeting, with auto, housing and leisure costs accelerating. New Fed Chair Kevin Warsh must weigh data against political pressures.
Brazil posts largest July current account deficit in 7 years at $8.11 bln
Current account gap widens to $8.11 billion, exceeding analyst forecasts and hitting the highest level for July since 2019. Foreign direct investment also declines.
UK proposes Bank of England mandate to support stablecoin innovation
HM Treasury plans to add a secondary objective for the BoE to foster digital payment innovation, including stablecoins, while maintaining financial stability as its primary goal. The proposal will be debated in Parliament next month.
China says it will monitor US tariff measures and reserves right to act
China's Ministry of Commerce will watch a possible 7.5% US tariff on Chinese goods and said Beijing reserves the right to take all necessary measures.
Eurozone bank credit growth accelerates in July after ECB rate hike
Lending to companies and households in the euro area rose to 4.4% and 3.1% respectively, the fastest pace since early 2023. The increase followed the ECB's first rate increase in nearly three years.
Euro zone bank lending growth accelerates in July after ECB rate hike
Corporate loan growth rose to 4.4% annually while household lending increased to 3.1%, data from the European Central Bank showed. The pickup followed the ECB's first rate increase in nearly three years.
SNB insists on stricter capital rules for UBS despite parliamentary pushback
Swiss National Bank vice chair rejects compromise proposal to ease CET1 capital requirements for UBS, citing financial stability risks. Parliamentary committee expected to rule next week.
UK proposes new Bank of England objective for stablecoins
The Bank of England would maintain financial stability as its core duty while adding a formal objective for stablecoins.
Germany's Q2 GDP grows 0.3% as exports drive rebound
Germany's economy expanded 0.3% quarter-on-quarter in Q2, beating expectations, while exports surged 2.6% and manufacturing added 0.9% to growth. Annual revision adds 0.8 percentage point to 2011-2021 GDP data.
France’s 2027 budget battle: key risks as deficit pressures mount
Prime Minister Sébastien Lecornu faces a minority government and tight deadlines to pass France’s 2027 budget amid weak growth, emergency spending, and constitutional constraints. A failure to legislate could trigger unprecedented fiscal paralysis.
U.S. Treasury and Fed chiefs clash over who should set the price of money
Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh differ sharply on monetary policy, with Bessent expanding debt buybacks while Warsh advocates letting markets dictate yields. Investors weigh the implications as 30-year rates hit 19-year highs.
Global economic calendar: Key events for Aug 27, 2026
Earnings season continues with German, French and U.S. companies reporting quarterly figures while central bank data and labor indicators take center stage in Europe and the U.S.
Swiss economic calendar: Key events for Aug 27-Sep 3, 2026
Swiss companies report first-half results while macro data on employment, retail sales and inflation are due. Regulatory and sector events also feature in the week's agenda.
ECB’s Schnabel says rates may need to rise further amid inflation risks
ECB Governing Council member Isabel Schnabel warns borrowing costs may need to increase further to bring inflation back to target as energy-driven price pressures persist. Markets seen as aligned with policy guidance.
U.S. Treasury to maintain debt auction schedule despite expanded buybacks
Secretary Scott Bessent says the department will proceed with planned auctions while doubling quarterly bond repurchases starting next month. Buybacks to target 10- and 20-year securities.
Fed Governor Lisa Cook's lawyer rejects Trump's dismissal bid
Attorney for U.S. central bank official argues allegations lack legal merit as White House weighs removal over mortgage contract disputes.
Fed’s Cook’s lawyer rejects White House bid to dismiss her over mortgage fraud claims
Attorney for Lisa Cook says allegations of mortgage fraud lack legal merit as Trump administration seeks her removal. Supreme Court previously blocked similar efforts.
Colombia’s central bank sees inflation near 3% target by mid-2028
Projections indicate inflation will ease to 4.3% by end-2027, still above the 3% target, as domestic demand outpaces supply. Fiscal rule compliance remains suspended through 2027.