Macro snapshot — South Korean economy speeds up; BOJ agreed on need for low rates; BoE to raise rates by 25bps
CAIRO: Spain’s industrial prices went up by 43.2 percent year-on-year which is down from 43.6 percent in May; Japan’s central bank agreed on the need for low rates; South Korea’s economy unexpectedly sped up indicating the possibility for more rate hikes, whereas England’s central bank is expected to raise its rates by a moderate 25bps on August 4th.
Spanish industrial prices rise 43.2 percent
Spain’s 12-month industrial price increase slowed down for the third month in a row in June as energy inflation slowed again, the National Statistics Institute said on Tuesday.
Spanish industrial prices rose by 43.2 percent in June in the 12 months through June, slightly down from 43.6 percent for the period through May. Overall industrial prices rose 1.9 percent in June,…