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Life in the Slow Lane
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Friday 25th October 2024
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There have been small moves up and down in the latest PMIs. Germany saw a slight rise in services and manufacturing, but the Europe wide services number fell slightly. And the UK’s star has dimmed a little, as its manufacturing fell quite sharply, alongside a drop in the services number. Catherine Mann from the BoE gave a clear indication she won’t be voting for a cut in a hurry, and RBNZ’s Governor Orr tried hard to talk down the case for further big cuts. Could 50bp be off the table? And Donald Trump pushes ahead in the latest WSJ poll. Listen to our Weekend Edition for more on what a Trump presidency could look like.
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