With Australia’s highly-anticipated Q2 CPI report coming out broadly in-line with expectations at 0.7% q/q, traders honed in on the other major economic announcement of the last 24 hours, the minutes from the most recent Bank of England meeting. While the central bank voted unanimously to leave interest rates unchanged at 0.5%, there was a distinct hawkish shift within the bank’s monetary policy committee. According to the minutes, “For a number of members, the balance of risks to medium-term inflation relative to the 2% target was becoming more skewed to the upside at the current level of Bank Rate. For these ... (full story)