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Global Economy

News, statistics and insights relating to the global economy

US Core CPI rises 3.9% in January

Core CPI: 3.86% YoY (Dec: 3.93%) | 0.39% MoM (0.28%)

US payroll growth in Jan beats expectations

US nonfarm payroll increased 353,000 and Unemployment rate as 3.7% in January

Fed to let Bank Term Funding Program expires on March 11

The US central bank also made an adjustment of the program's terms, setting minimum interest rate level at the interest of reserve balance, effective immediately, to block an arbitrage opportunity that banks have been taking advantage of.

Bank of Canada continues to hold rate at 5% as underlying inflation still shows...

Governor Macklem said the "Governing Council’s discussion of monetary policy is shifting from whether our policy rate is restrictive enough to restore price stability, to how long it needs to stay at the current level"

US CPI inflation rebounds in Dec to 3.4%

Core CPI inflation continues to decelerate to 3.93%

UK Economic Inactivity and Long-term Sickness

Post-covid trend of the economic inactivity in the UK

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.

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