Brexit vote changes UK inflation outlook, makes it harder for BoE to cut rates

Aug 16, 2016 11:19 am UTC| Insights & Views Economy Central Banks

Data released by the Office for National Statistics on Tuesday showed that UK annual inflation rate as measured by the Consumer Prices Index (CPI) rose to 0.6 percent in July from 0.5 percent in June, beating expectations...

Germany’s ZEW economic sentiment recovers in August

Aug 16, 2016 11:07 am UTC| Commentary Economy

In August, the ZEW Indicator of Economic Sentiment for Germany recovers in August. According to the ZEW Center for European Economic Research, the index rose by 7.3 points from July to 0.5 points in August. Consensus...

Briferendum Aftermath Series

Briferendum Aftermath Series: Brexit possibility bites education industry, likely cost multi-million pounds

Aug 16, 2016 10:54 am UTC| Commentary Economy

As a result of the UK referendum in June, which could finally lead to a British exit from the European Union, the education industry is likely to suffer. Post-referendum cracks have already started to emerge. There is less...

Briferendum Aftermath Series

Briferendum Aftermath Series: Brexit likely to boost wages but only temporarily

Aug 16, 2016 10:24 am UTC| Commentary Economy

A hard Brexit which would be tough on immigration is likely to boost wages in the United Kingdom but only temporarily before economic setback leads to lower wages across industries according to the research by the...

Czech economic growth accelerates to 0.9 pct in sequential terms in Q2

Aug 16, 2016 09:59 am UTC| Commentary Economy

The Czech economic growth has accelerated in the second quarter of 2016. The nations real GDP expanded 0.9 percent on sequential basis and 2.5 percent on year-on-year basis, according to the preliminary estimate released...

UK inflation edges higher post-referendum: let’s not draw medium term conclusions

Aug 16, 2016 09:24 am UTC| Commentary Economy

Data released by the Office of National Statistics (ONS) show the inflation has edged higher in July. It is the first reading of inflation since the UK referendum in June. The biggest of the increase was seen in the...

Briferendum Aftermath Series

Briferendum Aftermath Series: Brexit may actually prove costly for NHS

Aug 16, 2016 08:56 am UTC| Commentary Economy

One of the main arguments of the Leave campaign was that the Brexit will be beneficial to UKs National Health Service (NHS). The argument was that the Brexit will save the amount Britain pays to the European Union for...