Yubi Daily Wrap

Macro Updates

The Bank of England raised interest rates a half point, saying more increases will be needed if signs of an inflationary spiral persist. Policy makers led by Governor Andrew Bailey voted 7-2 to raise the benchmark lending rate to 4%, the highest since 2008 and continuing the quickest series of hikes in three decades.

S&P Global India January Composite PMI stood at 57.5 vs 59.4 in December. Year ago the index was 53. This was 18 consecutive months of expansion.

February 3, 2023

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