In today’s briefing:
- UK CPI Lifts Hawkish Case in June
- CX Daily: China’s GDP Growth Slows to 5.2% as Domestic Demand, Property Continue to Weigh
- Indonesia: 25bp Rate Cut To 5.25% (Consensus 5.25%) in Jul-25
UK CPI Lifts Hawkish Case in June
- UK inflation surged 0.2pp beyond the consensus again in June, with underlying inflation measures broadly inconsistent with the target and headlines moving the wrong way.
- The consensus is failing to learn the lesson of intense underlying pressures. The CPI rate rose 0.6pp since Jan instead of falling 0.4pp and is 1.4pp higher than called a year ago.
- Policymakers seem infected with dovish fear about the labour market ahead of August’s meeting. CPI is 0.9pp higher in our year-ahead forecast, and we were right a year ago.
CX Daily: China’s GDP Growth Slows to 5.2% as Domestic Demand, Property Continue to Weigh
- GDP / China’s GDP growth slows to 5.2% as domestic demand, property continue to weigh
- Railway /: Global interest in China’s high-speed rail tech picks up speed
- Consumption /In Depth: The consumption conundrum dividing China’s economists
Indonesia: 25bp Rate Cut To 5.25% (Consensus 5.25%) in Jul-25
- Bank Indonesia cut its benchmark rate by 25bp to 5.25% in July 2025, marking the fourth easing since September amid low inflation and strong foreign exchange reserves.
- The decision reflects confidence in 1.87% June inflation staying within the 2.5±1% target range, the stable rupiah supported by a robust intervention framework, and the need for growth stimulus.
- Future easing depends on continued inflation anchoring, currency stability, and global developments, including US trade policy and Federal Reserve actions affecting capital flows.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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