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Awaiting the Fed and insights on taper
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UK Retail Sales unexpectedly declines in May
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Norway central bank sharpens its hawkish claws
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6/1/2021 10:41:16 AM GMT
Notes/Observations
- Euro Zone inflation tests above ECB target for 1st time since Nov 2018.
- Euro Area PMI Manufacturing data continues to be at or near record highs (Beats: Euro Zone, Germany, France, Italy, Spain; Misses: UK).
Asia:
- RBA kept its policy steady (as expected) with Cash Rate Target unchanged at 0.10% and 3-year Yield Control maintained at 0.10%. The reiterated stance was committed to maintaining highly supportive monetary conditions to support a return to full employment and inflation consistent with the target. The reiterated stance that conditions, in order to raise rates, were not expected before 2024 at the earliest.
No surprises in Riksbank rate decision
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