Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe Bank of Canada left its target interest rate unchanged at 2.75 percent for the third consecutive meeting, as expected by forecasters in an Econoday survey. The central [...]
Last Week: Key Global EventsEdited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe European Central Bank held interest rates steady in July, signaling cautious confidence in its inflation-control strategy. With inflation now at the 2 percent [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyInflationJune’s warm US inflation data could be the start of the expected inflationary effects of higher tariffs (predicted to hit from mid-2025 onwards). This will bolster the Federal Reserve’s [...]
A look at the six-month percent change in the CPI at the end of the second half of 2025 firms up expectations that the FOMC won't change its mind about inflation remaining "somewhat elevated" as [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe 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 [...]
In the July and August period, several states hold sales tax holidays on back-to-school items like clothing, office supplies, and personal electronics. Although state governments aren't fond of losing tax revenues, businesses like to take [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyInflationCanada'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 [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyAll 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 [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyInflationChina'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 [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyAs 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 [...]
