International
Risk Turkey reverts to unorthodox policy may rise
Inflation rose to 64.9% in January, the highest in 14 months, and the central bank governor has stepped down
TurkeySouthern resilience may cushion the euro-area downturn
The euro-area services PMIs saw the Southern economies outperforming the North, though the UK PMI was strong
InternationalFood price growth is on track to ease slowly in 2024
The global food price index fell in January, led by lower prices for maize and meat but with rice prices still high
InternationalUK Central Bank will be cautious about early rate cuts
The Bank of England has left rates on hold but the vote was split, with two members favouring a rate rise and one a cut
United KingdomDigital euro will launch but perhaps later than 2027
Plans for the digital euro see a 2027 launch but the ECB still needs to win support from commercial banks and citizens
InternationalUS-China economic ties will gradually weaken
A flagship US survey of the China business climate flags some optimism but also a trend of US firms moving from China
InternationalEasing euro-area CPI points to rate cuts later in 2024
Inflation was little changed at 2.8% last month but core inflation dropped to 3.3%; high food prices remain a concern
InternationalCentral US treasury clearing marks substantial change
Big banks, broker dealers and hedge funds will have to settle their treasury and repo trades centrally from 2026
United States
