Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
RBI's $20 Billion Deposit Drive Barely Lifts Reserves as Forward Book Shrinks
The Reserve Bank of India's $20 billion deposit drive aimed at steadying the rupee had little impact on reserves. Economists say the central
UK Inflation Dips to 2.6% in June, but Bank of England Warns of Rebound to 3%
UK inflation cooled to 2.6% in June, helped by cheaper fuel, but the Bank of England warns it could climb back toward 3% soon. Investors are
Bank Indonesia Holds Rate at 5.75% Despite Market Expectations for a Hike
Bank Indonesia held its key interest rate at 5.75%, defying expectations of a quarter-point increase. The central bank has already raised ra
Oil Rally Pushes Indian Bond Yields Higher, But RBI Support Caps Rise
Indian government bonds weakened after Brent crude rose 1.3% to a six-week high, but buying from state-run banks and RBI-linked inflows kept
UK Inflation Dips to 2.6% in June, but Bank of England Still Poised to Hold Rates
UK consumer price inflation cooled to 2.6% in June, slightly below forecasts. Despite the dip, markets still expect the Bank of England to h
Australians Fear Inflation Most, But Many Miss How Rate Hikes Work
A new RBA survey shows inflation is Australians' top economic concern, but just 25% correctly link higher interest rates to lower inflation.
South Korea's Factory-Gate Inflation Stays Hot at 8.6% as Central Bank Flags More Rate Hikes
South Korea's factory-gate inflation remained elevated in June, with producer prices up 8.6% year-over-year. The Bank of Korea has signaled
Westpac Leading Index Signals Australian Economy Losing Steam Ahead of Key Inflation Data
Westpac's Leading Index dropped to -0.36% in June, the sixth consecutive below-trend reading. The bank now expects the RBA to raise rates by
US Threatens 50% Tariffs on Canada in Escalating Trade Dispute Over Cheese and Booze
The US administration is planning 50% tariffs on Canadian imports, citing discrimination against American cheese and other trade grievances.
Nigeria's Central Bank Holds Rate at 26.50% Amid Geopolitical Tensions and Oil Price Risks
Nigeria's central bank held its key interest rate at 26.50% for a second straight meeting, pointing to renewed US-Iran tensions and rising o
Hong Kong Inflation Holds at 2% in June as Utility Costs Surge 9.2%
Hong Kong's inflation rate stayed at 2.0% in June, but utility costs surged 9.2% year over year. Officials warn that earlier oil price incre
Hungary Central Bank Cuts Key Rate to 5.75% as Inflation Cools, EU Deal Eases Risks
Hungary's central bank cut its benchmark rate by a quarter point to 5.75% on Tuesday, continuing a summer easing cycle. Cooling inflation an