Inflation for August was 0.1 per cent
a welcome reduction from the previous months. While increases in bus fares
and oil-related increases are likely to have a negative impact in September,
assuming we have no adverse weather events, food prices are likely to
fall as supply increases. The trend, therefore, should be for the inflation
rate to return to lower levels.This should have a positive effect on inflation
expectations.

Inflation for August was 0.1 per cent a welcome reduction from the previous months. While increases in bus fares and oil-related increases are likely to have a negative impact in September, assuming we have no adverse weather events, food prices are likely to fall as supply increases. The trend, therefore, should be for the inflation rate to return to lower levels.This should have a positive effect on inflation expectations.

We expect the combination of solid economic growth and higher inflation risks to push the Fed to raise rates higher than is implied by prevailing bond yields.

We expect the Fed to focus on the risks to higher inflation caused by higher energy prices, supply-chain disruptions and the strain on resources resulting from the massive rescue, relief and rebuilding effort now underway.

It's important we find out who Rafal socialised with, lived with and worked with during the seven months he was in this country.

The signing of the addendum
to the MoU addresses the valid concerns of the labour movement and speaks
to the resilience of the original agreement and reinforces the fact that
social partnership and dialogue is possible, orderly and mutually beneficial.
Indeed, members of the union movement have signalled that while a new
MoU would not include a wage freeze, there are several critical matters
which are better dealt with in the spirit of partnership benefiting from
research not rumour, candour not deception.