BOE’s Waiting Game, Trump’s Tariffs, Rajan’s Outlook: Eco Day

(Bloomberg) -- Welcome to Tuesday, Europe. Here’s news from Bloomberg Economics to help get your day started:

• The Bank of England can still bring inflation to target if it waits a little while before delivering the necessary interest-rate increases, policy maker Silvana Tenreyro said
• Meanwhile U.K. consumer spending grew strongly last month as the warmest May on record saw shoppers flock to the stores in droves
• Bloomberg Economics’ David Powell looks at where Italy’s upheaval could spread to next and unearths some unexpected candidates
• Emerging market economies will face stress as they cope with a stronger dollar and rising interest rates but Asia appears to be insulated, according to Raghuram Rajan, former governor of the Reserve Bank of India
• President Donald Trump’s zeal for tariffs has yet to derail the global economic outlook
• In India, an emerging-market selloff that’s hit hard presents its central bank with a choice: hold interest rates steady to keep the economy motoring or follow the example of the Philippines and Indonesia by raising to stem market pressure
• Call it the return of history. A Bloomberg Economics analysis looking at the Group of 20 major economies finds just 32 percent of GDP is under control of mainstream democratic parties, down from 83 percent in 2007

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