Assessing the UK's financial health since 2016
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We have reached an inflection point this year where, after several years of extreme liquidity, we are now heading toward monetary policy normalisation.
Many countries did not reflate alongside China
Eurozone inflation eased back to a rate of just 1.1% in February. As in the US, there is some indication of a modest pick-up in wage growth, and this has in the past been closely associated with the rate of inflation in the service sector.