Edited by Simisola Fagbola, Econoday Economist The Economy Demand UK retail sales in March 2025 sustained a positive momentum, marking the third consecutive monthly rise with a 0.4 percent increase in volumes, 0.8 percentage points ahead of the consensus forecast. Over the year, retail sales rose 2.6 percent and 0.6 percent ahead of the forecast. …
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Edited by Simisola Fagbola, Econoday Economist The Economy Monetary policy The Bank of Canada, as expected, left its target interest rate unchanged at 2.75 percent, as the central bank adopts a more cautious posture in the face of heightened risks to both its inflation mandate and the Canadian economic from the punitive tariffs imposed by …
Edited by Simisola Fagbola, Econoday Economist The Economy Chinese Inflation China’s headline consumer price index fell 0.1 percent on the year in March after dropping 0.7 percent in February and fell 0.4 percent on the month after a previous decline of 0.2 percent. Food prices fell 1.4 percent on the year, partly offset by an …
Edited by Simisola Fagbola, Econoday Economist The Economy Inflation Year-over-year, Germany’s inflation rate in March is estimated to decelerate to 2.2 percent from 2.3 percent the previous month, indicating a continued easing of price pressures compared to the higher inflation peaks of recent years. On a monthly basis, consumer prices rose by 0.3 percent, suggesting …
Edited by Simisola Fagbola, Econoday Economist The Economy Inflation The latest UK inflation report reveals a slight easing in price pressures, with the consumer price index rising by 2.8 percent in February on a year-over-year basis, down from 3.0 percent in January and 0.1 percentage points below the consensus. This easing is primarily driven by …
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, after voting 8 to 1 to raise the policy rate by another 25 basis points to 0.5% in January in a third rate hike during the current normalization process …
The Economy Monetary policy The Bank of Canada, as expected in the Econoday consensus forecast, again cut its target interest rate by 25 basis points from 3.0 percent to 2.75 percent, as the central bank shifts its attention to protecting against the drag on economic activity from punitive tariffs imposed by the United States. …
Edited by Simisola Fagbola, Econoday Economist The Economy Monetary policy The European Central Bank has delivered another interest rate cut in 2025, lowering all three key rates by 25 basis points. The decision reflects confidence in the disinflation process, with headline inflation projected to ease to 2.3 percent in 2025 before aligning with the …
Edited by Simisola Fagbola, Econoday Economist The Economy Monetary policy The Bank of Korea lowered its main policy rate by 25 basis points from 3.00 percent to 2.75 percent at its policy meeting, in line with the consensus forecast. This is the third rate cut in the last four meetings. Policy rates have been …
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 4.35 percent to 4.10 percent at its meeting today, in line with the consensus forecast. This is the first reduction in the rate since 2020 and …
