Economic activity decreased 1.0% in year-on-year terms in December, which was an improvement from November’s 2.5% decrease. December’s smaller drop...
Latest Global Economic News
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Chile: Decline in economic activity softens in December -
Czech Republic: The Czech National Bank stands pat in February At its 2 February meeting, the Board of the Czech National Bank (CNB) left the two-week repo rate unchanged at... -
United Kingdom: BoE hikes by 50 basis points in February On 2 February, the Bank of England (BoE) increased the bank rate from 3.50% to 4.00%, marking the tenth consecutive... -
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... -
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... -
Korea: Merchandise exports drop in January Merchandise exports dived 16.6% year on year in January (December: -9.6% year on year). January’s figure marked the largest drop... -
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... -
Thailand: Manufacturing activity drops at sharper pace in December Manufacturing output dropped 0.7% month-on-month in seasonally-adjusted terms in December (November: -0.6% mom). On an annual basis, manufacturing production fell... -
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)...