On 21 May, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) slashed its main lending rate...
Latest Global Economic News
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South Africa: SARB further cuts rate to new record low in May -
Japan: Exports fall at fastest pace in over a decade in April Yen-denominated merchandise exports dropped 21.9% year-on-year in April after falling 11.7% in March, largely due to lower machinery and transport... -
Hong Kong: Inflation falls to lowest level since the start of the year in April Inflation came in at 1.8% in April, below March’s 2.3%. April’s result represented the lowest inflation rate since January. The... -
Peru: GDP falls at sharpest rate in 19 years in Q1 Economic activity shrank 3.4% year-on-year in the first quarter of the year, the fastest contraction since Q1 2001, after expanding... -
Russia: Industrial output shrinks at sharpest rate in over a decade in May Industrial output shrank 6.6% year-on-year in April (March: +0.3% yoy). April’s result marked the sharpest contraction since October 2009 and... -
Guatemala: Economic activity contracts at steep pace in March Economic activity contracted 4.9% year-on-year in March, swinging from the 2.8% expansion logged in February and coming on the back... -
Nigeria: Inflation remains stable in April Consumer prices rose 1.02% over the previous month in April, picking up from the 0.84% increase seen in March. April’s... -
Ireland: Consumer confidence improves in May The KBC Bank Ireland/ESRI consumer sentiment jumped to 52.3 in May from 42.6 in April, which had marked the worst... -
Turkey: Consumer confidence ticks up in May Consumer confidence ticked up in May despite the coronavirus, with the consumer confidence index rising to 59.5 from 54.9 in... -
Euro Area: Inflation at near four-year low in April on plunging energy prices Harmonized inflation fell to 0.3% in April from March’s 0.7%, marking the lowest reading since August 2016. Inflation thus moved...