At its 22 June meeting, the Executive Board of Norges Bank unanimously voted to accelerate the pace of its tightening...
Latest Global Economic News
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Norway: Norges Bank surprises markets on the upside by accelerating pace of tightening in June -
France: Business confidence remains neutral in June Business confidence was unchanged at May’s 100.0 in June. The result marked the joint-weakest sentiment since April 2021. As such,... -
United Kingdom: Inflation remains stubbornly high in May Inflation was stable at April’s 8.7% in May. However, it was notably above market expectations of 8.4% and was higher... -
Indonesia: Central Bank stands pat again in June At its monetary policy meeting on 21–22 June, Bank Indonesia (BI) left the seven-day reverse repo rate unchanged at 5.75%... -
Philippines: Central Bank extends monetary policy tightening pause in June At its 22 June meeting, the Bangko Sentral ng Pilipinas (BSP) left the overnight reverse repurchase facility rate unchanged at... -
Czech Republic: The Czech National Bank stands pat in June; maintains hawkish tone At its 21 June meeting, the Board of the Czech National Bank (CNB) left the two-week repo rate unchanged at... -
Turkey: Business confidence decreases but remains in negative territory in June Business confidence fell to 108.2 in June from May’s 108.3. Despite the downtick, the index remained above the 100-threshold, separating... -
South Africa: Inflation recedes to 13-month low in May Inflation dropped to 6.3% in May from April’s 6.8%. May’s reading marked the weakest inflation rate since April 2022. Looking... -
Netherlands: Consumer confidence falls in June Consumer confidence came in at minus 39.0 in June, down from May’s minus 38.0. As a result, the index remained... -
Finland: Economy records best result in more than a year in Q1 Revised data revealed that GDP bounced back at the outset of 2023, increasing 0.4% on a seasonally adjusted quarter-on-quarter basis...