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Euro zone PMI hits 50.5 as energy costs surge
S&P Global’s flash composite PMI hit 50.5 in March, with weaker hiring and cooling new orders complicating ECB rate-cut plans as inflation risks rise.
Japan CPI cools to 1.3% as BOJ faces rate dilemma
Japan CPI eased to 1.3% in February and core inflation slowed, while core-core held at 2.5% and the BOJ kept rates at 0.75%.
Japan core CPI slows to 1.6% as BOJ weighs rate hikes
The BOJ plans a new summer indicator to strip out one-off policy effects as it weighs hikes amid weak yen, higher oil prices and subsidy-driven CPI swings.