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Singapore sees FY2026 budget surplus at 1% of GDP
Budget surplus to fall in FY2026 from FY2025, Singapore PM saysAiming for annual economic growth at close to 3% over next decadeYears ahead 'beset by uncertainties', PM tells parliament By Xinghui Kok and Jun Yuan Yong SINGAPORE, Feb 12 (Reuters) - Singapore expects to post a budget sur...Reuters
Thu, Feb 12
NOK: Rate cuts sidelined as inflation climbs – Nordea
Nordea’s Chief economist Kjetil Olsen argues that Norges Bank can no longer justify further rate cuts as Norwegian inflation trends higher and remains well above target. Underlying inflation is around 3.5%, while unemployment has edged lower and growth has picked up.
Fxstreet
Thu, Feb 12
EUR/GBP: Staying bullish after weak UK GDP – ING
ING strategist Francesco Pesole notes the UK economy ended 2025 on a weak footing, with softness in construction and business investment. With the Bank of England already aware of this slowdown, upcoming jobs and inflation data are seen as key.
Fxstreet
Thu, Feb 12
CEE ECONOMY-Hungary's January inflation seen opening the door to rate cuts
BUDAPEST, Feb 12 (Reuters) - Hungary's headline inflation HUCPIY=ECI eased to 2.1% in January, coming in below market forecasts, while core inflation also fell below the central bank's 3% target, likely opening the door for the bank to resume rate easing after a long pause.The central bank, ...Reuters
Thu, Feb 12
Ethiopia signs debt restructuring deal with France
NAIROBI, Feb 12 (Reuters) - Ethiopia signed its first bilateral debt restructuring agreement with France, state-run Ethiopian News Agency reported late on Wednesday, a key step forward with official lenders even as its Eurobond holders plan legal action over delays in securing a deal.The country def...Reuters
Thu, Feb 12
Bund yields edge up from multi-week lows, US data in focus
Feb 12 (Reuters) - Euro zone benchmark Bund yields edged up from multi-week lows on Thursday as investors awaited further U.S. data for guidance, though any spillover into the euro area is expected to be limited.While markets priced in more Federal Reserve rate cuts, the European Central Bank has be...Reuters
Thu, Feb 12
BoC: Holding bias intact with modest growth – RBC Economics
RBC Economics’ Claire Fan notes that Canadian GDP growth has softened slightly into late 2025, leading to a downgrade of Q4 growth to flat, though real per-capita GDP is still expected to improve into 2026. Trade-exposed manufacturing remains weak, but broader spillovers are limited.Fxstreet
Thu, Feb 12
UK economy ekes out growth of 0.1% in Q4
Feb 12 (Reuters) - Britain's economy grew by 0.1% in the final quarter of 2025, official figures showed on Thursday.Economists polled by Reuters, as well as the Bank of England, had forecast 0.2% growth in gross domestic product for the October-December period compared with the previous three mo...Reuters
Thu, Feb 12
