Inflation fell to 3.1% in July from June’s 3.5%. July’s result represented the weakest inflation rate since March 2022. Looking...
Latest Global Economic News
-
Indonesia: Inflation falls to over one-year low in July -
Egypt: Central Bank surprises markets and resumes tightening cycle in August At its 3 August meeting, the Central Bank of Egypt (CBE) surprised markets and resumed its tightening cycle by delivering... -
Estonia: Decline in industrial output softens in June Industrial output declined 10.4% year on year in seasonally and calendar-adjusted terms in June, which was above May’s 13.7% decrease.... -
Latvia: Industrial activity falls at softer pace in June Industrial output dropped 5.0% year on year in June (May: -8.4% yoy). The reading was partly due to a softer... -
Czech Republic: Czech National Bank stands pat in August; ends FX intervention regime At its 3 August meeting, the Board of the Czech National Bank (CNB) left the two-week repo rate unchanged at... -
Switzerland: Inflation declines to lowest level since December 2021 in July Inflation ticked down to 1.6% in July from June’s 1.7%, meeting the Central Bank’s target of below 2%. July’s result... -
Hong Kong: Retail sales growth picks up pace in June Retail sales rose 17.5% year on year in June (May: +16.5% yoy). The pickup was driven by accelerating food and... -
Peru: Inflation falls in July Inflation came in at 5.9% in July, which was down from June’s 6.5% and marked the lowest reading since January... -
United Kingdom: BoE hikes by 25 basis points in August On 3 August, the Bank of England (BoE) increased the bank rate from 5.00% to 5.25%, taking total tightening in... -
Turkey: Inflation increases in July Inflation came in at 47.8% in July, which was up from June’s 38.2%. The print marked the first increase since...