As global economic growth slows, many central banks around the world have begun to cut interest rates in an effort to reignite economic expansion. One of the main reasons driving this move is that the year-on-year inflation rate in most countries has gradually declined from its post-pandemic peak to...

The Bank of Canada announced a 50 basis point rate cut to 3.75% on October 23, in line with market expectations, marking the largest rate reduction since the onset of the COVID-19 pandemic in March 2020. Read more at Datatrack Bank of Canada Governor Tiff Macklem stated that price pressures are ...

The Reserve Bank of Australia (RBA) announced on September 24 that the cash rate target remain at 4.35%, marking the seventh consecutive month at this level, which is also the highest in nearly 12 years. In the meeting statement, the RBA noted that restrictive financial conditions continue to sup...

The U.S. inflation continued to ease in August, as reported by the Bureau of Labor Statistics on September 11. The Consumer Price Index (CPI) increased by 2.5% year-on-year (previously 2.9%), with a monthly increase of 0.2% (unchanged from 0.2% in July). The core CPI, which excludes food and energy,...

The Federal Reserve released the minutes of the July FOMC meeting on August 21, providing insight into the views of Fed officials on the current economic conditions and outlook:   Inflation: Inflation has eased compared to a year ago, with core PCE rising 2.6% year-over-year in June. Alth...