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6/3/2021 8:41:39 AM GMT | By Pablo Piovano Economist at UOB Group Lee Sue Ann reviews the recently published flash inflation figures in the euro bloc. Key Quotes “According to flash estimates, headline inflation in the Eurozone rose to 2.0% y/y in May from 1.6% y/y in April, slightly above expectations for 1.9% y/y… Core inflation rose to 0.9% y/y for the month, from 0.7% y/y in April, recovering the losses from the March reading.” “This is the first time since late-2018 that annual inflation in the region is above the European Central Bank (ECB)’s target of close to but below 2%. The ECB has nonetheless stressed that a rise in inflation was likely triggered by one-off factors and that the long-term outlook remains benign. Still, the central bank’s dovish tone could be challenged if inflation continues to push higher in the months ahead.” ....
Economist at UOB Group Lee Sue Ann assesses the latest RBA event (June 1). Key Quotes “In its June meeting, the Reserve Bank of Australia (RBA), as ex ....
The RBI is seen reducing its policy rate at this week’s meeting, suggests Economist at UOB Group Lee Sue Ann. Key Quotes “Market-watchers will be clos ....
Economist at UOB Group Lee Sue Ann suggested the Bank of Korea (BoK) is expected to leave rates unchanged at its meeting later in the week. Key Quotes ....