Edited by Simisola Fagbola, Econoday Economist The Economy Monetary policy The Reserve Bank of Australia left its main policy rate, the cash rate, on hold at 3.85 percent at its policy meeting. This decision was a surprise, with the consensus expecting a second consecutive reduction of 25 basis points. In the statement accompanying the decision, …
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Edited by Simisola Fagbola, Econoday Economist The Economy Inflation Canada’s Consumer Price Index was up 0.6 percent in May from April, coming in at the high end of expectations in an Econoday survey of forecasters that had centered on a 0.5 percent increase. The 12-month inflation rate remained stable at 1.7 percent, as expected. Excluding …
Edited by Simisola Fagbola, Econoday Economist The Economy Monetary policy All of the key decisions and assessments by the Bank of Japan board were widely expected: –The BOJ nine-member board voted unanimously to maintain the target for the overnight interest rate at 0.5% for the third straight meeting after hiking it by 25 basis points …
Edited by Simisola Fagbola, Econoday Economist The Economy Inflation China’s headline producer price index fell 3.3 percent on the year in May, weakening further from the 2.7 percent decline recorded in April. Headline PPI inflation has been in negative territory since late 2022 and this is the biggest year-over-year decline since July 2023. The index …
Edited by Simisola Fagbola, Econoday Economist The Economy Monetary policy As expected, the European Central Bank cut its main policy rates by 25 basis points, indicating that it’s satisfied with the current level of inflation which is around the ECB’s 2.0 percent intermediate term target. It lowered its forecasts for inflation forecasts by 0.3 percentage …
Edited by Simisola Fagbola, Econoday Economist The Economy Inflation Germany’s inflation rate in May 2025 shows signs of moderation, with the consumer price index rising by 2.1 percent year-over-year, in line with the consensus, which suggests relative price stability compared to the heightened inflation seen in previous years. On a month-over-month basis, prices increased only …
Edited by Simisola Fagbola, Econoday Economist The Economy Monetary policy The Reserve Bank of Australia lowered its main policy rate, the cash rate, by 25 basis points from 4.10 percent to 3.85 percent at its meeting today, in line with the consensus forecast. This rate was left on hold at the RBA’s previous meeting in …
Edited by Simisola Fagbola, Econoday Economist The Economy Inflation The US Consumer Price Index in April rebounded by 0.2 percent, following a 0.1 percent decline in March, and a 0.2 percent jump in February. This compares to expectations for a 0.3 percent rise in the Econoday survey of forecasters. The slowdown in the pace of …
Edited by Simisola Fagbola, Econoday Economist The Economy Monetary policy As expected, the US FOMC left the fed funds target rate range at 4.25 to 4.50 percent at the end of the May 6-7 meeting. The post-meeting statement highlights the increased uncertainty and risks to the economic outlook, although the assessment of current economy activity …
Edited by Simisola Fagbola, Econoday Economist The Economy Monetary policy The Bank of Japan’s nine-member board voted unanimously to maintain the target for overnight interest rate at 0.5%, as widely expected, amid high uncertainty over global growth and inflation sparked by stiff Trump tariffs, after having stood pat in March. Previously, the panel voted 8 …
