7 june 2017

Monthly Economic Update

Every month, our economists study the macroeconomic situation. They analyse the events that have had an impact in recent months, and discuss possible consequences.

Key points to remember
Waiting for a Raise

Despite maturing recoveries and falling unemployment on both sides of the Atlantic, there is little sign of a significant acceleration in inflation. In part this is because wage inflation is failing to pick up as expected. This is complicating the central banks’ plans to raise interest rates. While the US Federal Reserve looks set to take two small steps in the coming months, there may be a longer wait for further moves. Meanwhile, the European Central Bank is no hurry to raise, despite brighter economic and political news.

This Monthly Economic Update is a brief summary of the monthly retuning of ING’s economic scenario for the world economy.

Read the whole study here (PDF).

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Follow our economic updates by regularly consulting our Economy page.