On 2 February, the Bank of England (BoE) increased the bank rate from 3.50% to 4.00%, marking the tenth consecutive...
Latest Global Economic News
-
United Kingdom: BoE hikes by 50 basis points in February -
Euro Area: ECB hikes rates by 50 basis points in February; hints at further tightening ahead At its 2 February meeting, the European Central Bank (ECB) hiked the main refinancing operations rate, the marginal lending facility... -
Egypt: Central Bank pauses tightening cycle in February, surprising markets At its first scheduled meeting of 2023 on 2 February, the Central Bank of Egypt (CBE) paused its tightening cycle... -
Thailand: Merchandise exports contract at sharper pace in December Merchandise exports fell 12.9% annually in December, following Novembers 5.7% decrease. Meanwhile, merchandise imports shrank 10.0% in annual terms in... -
Russia: Industrial activity falls at sharpest rate since October 2020 in December Industrial output fell 4.3% in year-on-year terms in December, which was a larger contraction than November’s 1.8% decrease. December’s outturn... -
Euro Area: Inflation soars in November amid surging energy prices Harmonized inflation came in at 4.9% in November, above Octobers 4.1% reading and marking the highest print since records began... -
Indonesia: Inflation decelerates in January Inflation came in at 5.3% in January, down from Decembers 5.5%. January’s result was the lowest reading since August 2022... -
New Zealand: Business sentiment improves in January The ANZ bank business outlook indicator rose in January. As a consequence, a net 52.0% of firms reported that they... -
Brazil: COPOM holds fire for a fourth consecutive time in February At its first meeting of 2023 on 31 January–1 February, the Monetary Policy Committee (COPOM) of Brazil’s Central Bank (BCB)... -
Euro Area: Unemployment rate stable at all-time low in December The seasonally adjusted unemployment rate was stable at Novembers all-time low of 6.6% in December. Six economies had stable unemployment...