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

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Henry Hoenig

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