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Cloud Y

Cloud Y
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The independent journalist who set up this website after realizing he can never be an academic economist.

Bank of Canada holds rate at 5% after September meeting

Bank of Canada maintained its benchmark interest rate at 5% but warned about persistent underlying inflationary pressure.

G20 finance officials to discuss debt, funding to low-income countries in India

G20's economic officials will gather in India next week to discuss ways to boost lending to developing countries from multilateral institutions and to reform the international debt system, Reuters cited unnamed Indian officials.

Leading indicator for UK goods inflation

One of the leading indicators Bank of England (BoE) uses to predict the future direction of goods inflation is the manufacturing producer price index (PPI) growth rate. The close relation, however, has broken down in the past year.

Bank of England raises interest rate by 0.5%—notes on the Bank’s decision

Bank of England on Thursday decided to raise its benchmark interest rate by 0.5% to 5%, larger than the market expectation of a 0.25% increase. The decision followed Office of Nation Statistics' publication of a 8.7% CPI inflation reading for the year to May on Wednesday.

Economic benefit of asset market bubble

What the impact of asset price bubbles on US economic growth is.

BoE to run system-wide evaluation on financial system including non-banks

Bank of England will conduct a system-wide exploratory scenario (SWES) exercise on the UK financial markets to see how well both banks and non-bank financial institutions can handle stress market conditions.

Why Fed projects to cut rates next year even it expects failure to reach...

Inflation projections by Fed officials show that PCE inflation will not reach 2% by the end of 2025. Why the Fed expects to cut rate next year then?

US gains 339,000 jobs while unemployment rate rises to 3.7%

Employers in the US added 339,000 jobs in May, but at the same time 440,000 more people reported they were unemployed

Eurozone inflation drops to 6.1% in May, lower than expected

Annual consumer prices in the Eurozone rose by 6.1% YoY in May, down from 7% in April.

UK house prices continue to fall in May, Nationwide reports

UK average property prices were 3.4% lower compared to the previous year, accelerating the annual fall of 2.7% in April.

Economy