Inflation mixed signals and opinions ahead of US CPI
Thursday 10th June 2021Bond yields have fallen further overnight, in some cases to levels not seen for several months. NAB\u2019s Tapas Strickland says it could be market positioning, although it could also be related to growing acceptance that any inflation that occurs is transitory. That\u2019s not how the Bank of England\u2019s Andy Haldane sees it though, and China\u2019s PPI numbers shows supply costs are rising. Yet the RBA\u2019s Christophe Kent sees any significant rise in inflation, temporary or otherwise, as being some way off for Australia. This mix of views on where inflation is heading globally will be fuelled further by the latest US CPI number out later today. Plus, what to expect from the ECB.
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