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LGT Navigator: US inflation reaches highest level in more than six years

July 13, 2018

In June, inflation in the USA rose to its highest level since February 2012. The annual inflation rate climbed from +2.8% to +2.9% and the core inflation rate also climbed from +2.2% to +2.3%.


The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.

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