Eurozone services disinflation continues – ABN AMRO

Headline HICP inflation surprised modestly to the upside in July, holding steady at the ECB’s 2% target, against our and consensus expectations for a move lower to 1.9%, ABN AMRO's economist Bill Diviney reports.
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BoE: Quarterly bound – Standard Chartered

BoE to cut the base rate by 25bps on 7 August, but another split MPC is likely. Divergent signals from the labour market and prices likely to keep the BoE on a quarterly easing schedule.
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