UK inflation rate surges to 15-month high amid April price shock
It leaves inflation well above the 2 per cent target, with the BOE expecting the rate to accelerate further to a peak of 3.7 per cent in September.
China's central bank cuts two key rates to historic lows as trade war simmers
The People's Bank of China said Tuesday that the one-year Loan Prime Rate (LPR), the benchmark for the most advantageous rates lenders can offer, would be cut to 3.0 per cent.
What US losing its last triple-A credit rating means
The US national debt is currently about US$36 trillion. It is the equivalent of about US$106,100 for every single person in the country, according to the Peter G.
RBA poised for ‘hawkish cut’ as US-China reprieve boosts outlook
Economists and money markets expect the Reserve Bank of Australia (RBA) will announce a quarter percentage-point cut on (May 20) to bring its cash rate to a two-year low of 3.85 per cent.
US import prices unexpectedly rise in April
Economists expect the impact of President Donald Trump’s sweeping import duties to become evident in inflation data by the middle of this year.
30-year Treasury passes 5% after Moody’s downgrades U.S. credit rating
It’s now in line with all the major credit rating agencies which have continued to give the U.S. their second-highest available rating.
Mortgage rates in the US rise, sending 30-year average to 6.81%
The average for 30-year, fixed loans was 6.81 per cent, up from 6.76 per cent last week, Freddie Mac said on Thursday (May 15).
Japan’s economy shrinks more than expected as US tariff hit looms
A global trade war touched off by US tariffs has jolted financial markets and complicated the Bank of Japan’s (BOJ) decision on when and how far it can push up interest rates.
Foreign investment in Europe tumbled even before US trade war
The drop was sharpest in the largest economies, while the tally of jobs created as a result of the foreign investment also fell 16 per cent from the year earlier.
Japan's wholesale inflation hits 4%, keeps BOJ under pressure
The yen-based import price index fell 7.2 per cent in April from a year earlier after a revised 2.4 per cent drop in March,
US inflation comes in softer than forecast for a third month
The overall CPI advanced 0.2 per cent, and climbed 2.3 per cent on an annual basis.
ECB to cut by more as inflation undershoots 2%
Additional cuts are likely in June and September, a monthly poll showed. That would bring the deposit rate to 1.75 per cent from currently 2.25 per cent.