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Global Economy

News, statistics and insights relating to the global economy

Canada inflation drops to 2.9% in January

Canada's headline CPI rose 2.9% in January, hitting Bank of Canada's inflation-control target range of 1% - 3% for the first time since March 2021.

UK retail sales rebounds 3.4% in Jan after dismal Christmas figures

UK retail volume rose 3.4% MoM in January, after it dropped by 3.3% in December

UK inflation holds at 4% in January

CPI: 4.0% YoY (Dec: 4.0%); Core CPI: 5.1% YoY (Dec: 5.1%)

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.

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