Markkinakatsaus — Viikko 25/2018

• Kaupan jännitteistä lisähuolta Kiinan kasvunäkymille

Morgenrapport Norge —

Morgenmelding Danmark —

Economic Calendar — June 15-22

Global Macro Comment — The lay of "The Land"

What do we really know about inflation? The state of the art was recently laid out by top academics and central bank economists at the "Inflation: Drivers & Dynamics" conference, held at the Federal Reserve Bank of Cleveland. In this comment we give a first-hand account of what was discussed in "The Land". The conference gave greater insight into the anchoring of inflation expectations at central banks' targets, mixed with a new understanding of inflation fundamentals. Change is often hard work, but policymakers would be smart to embrace these latest insights.

UK Comment — BoE to leave policy unchanged at its June meeting

1. The majority of MPC members will probably want to wait and see
2. Data have been mixed
3. Market will watch for signals regarding August; we do not expect a rate hike until November