Daily Digest: Wednesday 12th April
USA
-It was US CPI day with the Bureau of Labour statistics reporting a CPI rise of 5.0% during the last 12 months. The month-on-month figures showed a CPI increase during March, increasing by 1.0%.
UK
-During a speech, the Bank of England Chair Andrew Bailey reaffirmed his view that the UK will not face a systemic banking crisis. Bailey also mentioned the implementation of QT or quantitative tightening by the BOE.
Rest of the World
-The Bank of Canada has announced that the nation will not alter rates, holding the bank or policy rate at 4.5%, driving towards an inflation target of 3% by summer.