Guardian Stockbrokers Key Economic News Thursday 20 May 2021

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK CPI climbed more than expected in April

In the UK, the consumer price index (CPI) advanced 1.50% on a YoY basis in April, compared to a rise of 0.70% in the previous month. Market expectations were for the CPI to rise 1.40%.

UK house price index advanced more than expected in March

In the UK, the house price index jumped 10.20% on a YoY basis in March, compared to a revised rise of 9.20% in the prior month. Markets were expecting the index to advance 8.00%.

UK retail price index advanced more than expected in April

In the UK, the retail price index climbed 1.40% on a MoM basis in April, compared to a rise of 0.30% in the previous month. Markets were expecting the index to record a rise of 0.80%.

Euro-zone’s CPI rose as expected in April

In the Euro-zone, the final CPI rose 1.60% on a YoY basis in April, in line with market expectations and compared to a rise of 1.30% in the previous month.

FOMC minutes: Fed hints that it could reconsider tapering monetary policy measures

Minutes of the US Federal Reserve’s (Fed) April monetary policy meeting revealed that policymakers were cautiously optimistic about the US economic recovery. Also, the minutes indicated that the central bank might reconsider scaling back asset purchases in upcoming meetings if the US economy continued to make “rapid progress” toward the Committee’s goals

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