Global Economy

Post-covid trend of the economic inactivity in the UK

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

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.

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 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.

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.

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?

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

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

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