ECONOMICS

By Maartie Wijffelaars, senior eurozone economist at Rabobank

As expected, the BOE left its policy rate unchanged at 4.5% yesterday. The guidance was left untouched as it continues to pursue a “gradual and careful” approach, taking a meeting-by-meeting approach. In May, the MPC will take a closer look at the balance of risks: to what extent is policy uncertainty weighing on demand, and is there risk of fresh inflation persistence due to the current rise in the headline rate. This will (more…)

With a recession-narrative-crushing gain of 0.7% MoM (better than the 0.2% MoM expected)…

Source: Bloomberg

…US Industrial production rose to an all-time record high in February…

Source: Bloomberg

Mfg output rose 0.9 percent, boosted by a jump of 8.5% in the index for motor vehicles and parts. The output of manufacturing excluding motor vehicles and parts increased 0.4% .

Source: Bloomberg

Manufacturing output rose 0.9% in (more…)

It's not like it ever gets quiet any more, but this week will be especially busy week for central bank watchers with decisions due from the Fed, the BoJ (both Wednesday) and the BoE (Thursday), amongst others. Economic data highlights include retail sales in the US (today, which came in mixed), various US housing data, labor market stats in the UK (tomorrow) and inflation in Japan (Friday) and Canada (tomorrow). 

After we had the white smoke of a deal on Friday, the (more…)