The post Czech Koruna: Polish CPI surprise complicates CNB path – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Tatha Ghose highlights that a downside surprise in Poland’s May flash Consumer Price Index (CPI) contrasts with earlier Czech inflation acceleration that had pointed to Czech National Bank (CNB) tightening on 18 June. Softer Polish food and energy prices may foreshadow similar moderation in Czech data. This interplay makes the upcoming CNB decision more finely balanced as regional inflation dynamics shift. Polish CPI twist for Czech policy “On Friday, we wrote about the clear acceleration of Czech CPI and PPI in April, which puts pressure on the Czech National Bank (CNB) to hike rates at their 18 June meeting.” “Since then, however, Poland’s flash CPI report for May landed as a clear downside surprise. This will cool off any lingering discussion about near-term tightening by the Polish central bank (NBP) at least.” “We can see that the broader trends have bee
The post Swiss Franc: Low inflation keeps range intact versus US Dollar – BBH appeared on BitcoinEthereumNews.com.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that Swiss inflation remains comfortably within the Swiss National Bank’s (SNB) price stability definition, with May Consumer Price Index (CPI) expected to stay subdued. This allows the SNB to keep rates at 0.00% for an extended period, even as markets price some tightening. Haddad expects USD/CHF to remain confined to a tight 0.7760–0.7910 range in the near term. SNB patience anchors Franc range “Switzerland May CPI is due Thursday. Headline CPI is expected at 0.7% y/y vs. 0.6% in April while core CPI is expected at 0.3% y/y for a second straight month.” “The Swiss National Bank (SNB) forecasts headline CPI to average 0.5% y/y in Q2.” “Overall, inflation remains well within the range of price stability of less than 2% per annum. As such, the SNB can afford to keep rates at 0.00% for some time.” “The swaps curve price-in 7
The post Euro: Supported by ECB hikes and AI investment – BNP Paribas appeared on BitcoinEthereumNews.com.
BNP Paribas projects Eurozone Gross Domestic Product (GDP) growth slowing from 1.5% in 2025 to 1.0% in 2026 and 1.3% in 2027, with inflation rebounding to 3.0% and 3.3%. Activity is seen withstanding the energy shock thanks to investment in defence, AI and electrification. The European Central Bank (ECB) is expected to deliver two 25 bp hikes in 2026, while EUR/USD is forecast at 1.21 by Q4 2026 and 1.25 by Q4 2027. Eurozone growth slows but stays resilient “Eurozone growth would slow due to spillovers from the Middle East conflict.” “GDP growth, which reached 1.5% in 2025, would slow down to 1.0% in 2026 and 1.3% in 2027, while inflation would rebound to 3.0% in 2026 and 3.3% in 2027 (compared to 2.1% in 2025).” “Activity would nevertheless withstand the energy shock, supported by investment in defence, AI, and electrification, which should continue to boost intra-EU trade.” “As
The post British Pound: UK faces tighter policy and sticky inflation – BNP Paribas appeared on BitcoinEthereumNews.com.
BNP Paribas expects UK economic growth to slow to 0.7% in 2026 from 1.4% in 2025, with quarterly momentum dropping to about 0.1%. Inflation is projected to rise to 3.4% before easing only gradually, keeping it above the BoE target. Monetary policy is seen tightening by 50 bps in 2026, while 10-year gilt yields stay elevated before falling to 4.30% in 2027. Growth slowdown and delayed relief for gilt yields “Economic activity is expected to slow down in 2026, with growth limited to 0.7% after 1.4% in 2025; following a forecasted +0.4% q/q in Q1, the average quarterly pace would fall to around +0.1%.” “This slowdown would occur against a backdrop of renewed inflationary pressures triggered by the war in Iran: inflation would reach 3.4% y/y before easing only gradually to 3.23% y/y in 2027, remaining well above BoE’s target.” “In this context, and contrary to the initial
The post Fed: Later cuts as inflation persists – Rabobank appeared on BitcoinEthereumNews.com.
Rabobank’s Senior US Strategist Philip Marey updates his United States (US) and Federal Reserve (Fed) outlook, highlighting a shift by the FOMC away from an easing bias ahead of Warsh’s first meeting. Marey notes that developments in the Middle East are likely to keep energy prices elevated. As a result, Rabobank now expects the first Fed rate cut in October 2026 and a second in January 2027, later than previously forecast. FOMC shifts and delayed rate cuts “In recent weeks, the FOMC seems to have moved further toward dropping its easing bias, with several Committee participants staking out their position before Warsh’s first meeting.” “Meanwhile, the developments in the Middle East suggest that energy prices will remain elevated for longer.” “With our outlook for inflation higher and more persistent and the FOMC taking defensive positions against the new Chair, we now change our Fed view.” “
A surge in oil prices could exacerbate inflation, impact monetary policy, and strain industries reliant on energy, affecting global economies.
The post ExxonMobil warns crude oil could surge to $160 per barrel as global inventories hit critical lows appeared first on Crypto Briefing.
A surge in oil prices could exacerbate inflation, impact monetary policy, and strain industries reliant on energy, affecting global economies.
The post ExxonMobil warns crude oil could surge to $160 per barrel as inventories hit historic lows appeared first on Crypto Briefing.
Persistent inflation challenges the Fed's policy, potentially delaying rate cuts and impacting economic stability amid geopolitical tensions.
The post US inflation, Fed no longer sees pressures as transitory appeared first on Crypto Briefing.
Mary Daly says the Fed cannot restore price stability by “harming the economy,” underscoring a cautious stance on rates as inflation lingers above target. Mary Daly, president of the Federal Reserve Bank of San Francisco, said restoring price stability remains…
