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Federal Reserve keeps borrowing costs unchanged
As expected, the Federal Reserve’s policymakers kept interest rates unchanged at their latest meeting and reinforced expectations for higher borrowing costs in December. The US central bank’s rate-setting committee said the economy had...
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Bank of England drops planned UK interest rate cut
Britain’s central bank has backed off its plans to further reduce interest rates. Governor Mark Carney said the UK has a “dynamic, flexible economy” which is doing better than had been feared after the vote to leave the European Union,...
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Eurozone economic growth still slow as inflation picks up slightly
There was no change in eurozone economic growth between July and September – it was at the same slow pace as in the previous quarter. Gross domestic product in the 19 countries using the euro rose 0.3 percent quarter-on-quarter. It was...
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Bank of England’s Carney says inflation and price rises will make things difficult for some
The head of the UK central bank has been talking up the pound. It did rise on Friday – but only briefly – after Governor Mark Carney said the Bank of England is not indifferent to the level of sterling, which has fallen dramatically...
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Eurozone inflation rises in September
Inflation in the eurozone got a caffeine and nicotine fuelled boost in September. People paid more in restaurants and cafes. Cigarette prices also rose, along with rents. Among the things that got cheaper was energy, but it did not fall...
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Inflation means inflation with post-Brexit price rises
Consumer prices in Britain jumped in September, and it was mostly more expensive clothes and costlier fuel which pushed up inflation, rather than the weaker pound. The Consumer Prices Index – which is based on comparisons of more than...
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Rising US inflation makes December interest rate hike more likely
Much more expensive fuel was one of the reasons that US consumer prices recorded their biggest gain in five months in September – up 1.5 percent year-on-year and 0.3 percent higher compared to August. That was partly because last year’s...
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Eurozone unemployment still 10.1% in July, inflation disappoints in August at 0.2%
Unemployment in the eurozone was unchanged in July at 10.1 percent of the workforce – the lowest in five years. Youth unemployment throughout the 19 countries that use the euro was 21.1 percent, but it was almost 44 percent in Spain. The...
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Euro 2016 kicks up UK inflation to 0.5% in June
Inflation in Britain is not exactly flying high, but it did get a boost in June from more expensive airfares as football fans flocked to France for the Euro 2016 championships. The cost of plane tickets jumped by a record 10.9 percent...
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Eurozone inflation 0.1% in June – first rise in five months
Inflation is back for the eurozone. Consumer prices rose in June for the first time since January in the 19 countries that use the euro. They were up by 0.1 percent compared with June last year. In May consumer prices were down by 0.1...
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Carleton’s Ian Lee talks national housing fund and other business news
Carleton University associate professor Ian Lee weighs in on Ottawa’s federal national housing fund, Petronas’s stake in LNG Canada and the Fed keeping rates unchanged.
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Eurozone inflation remains the same-negative
Eurozone inflation remains negative Consumer prices fell 0.1 percent in May from a year ago, but slower than the 0.2 percent decline seen in April. Eurozone Inflation Remains Negative As Estimated – https://t.co/CxUEpg1Xtx #Forextrader...
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Navigating Europe’s Choppy Economic Waters: Forecasts and Uncertainty
For the first time in almost a decade, all of Europe’s economies are set to grow. But major questions remain on whether that growth can actually happen this year or next with all the uncertainty surrounding us, from mixed messages from...
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Japan consumer prices fall again in April
Further deflation fears in Japan as consumer prices fell for the second month running in April. The Japanese people are holding off on buying things which means firms are not raising their prices. The core consumer price index – which...
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UK April inflation slips
Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015, the Office for National Statistics said. Economists had expected inflation to remain at 0.5 percent....
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US Federal Reserve keeps interest rates unchanged
The US Federal Reserve kept interest rates unchanged on Wednesday (April 27). However it left the door open to a hike in June by signalling confidence in the US economic outlook. The US central bank’s policy-setting committee said the...
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Eurozone GDP back to pre-2008 crisis level, unemployment falls, inflation down
There was mixed news for the eurozone on Friday We learned that the bloc’s economy grew at its fastest pace in five years in the first quarter, while unemployment declined but inflation fell. GDP expanding 0.6 percent – better than the...
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Euro zone business records a bounce
A new survey indicates Euro zone business growth edged up last month from February’s 13-month low as demand weakened, particularly for services, despite deep price cuts. The Purchasing Managers Index will make disappointing reading for...
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UK inflation on the rise hit by hikes in air fares and clothing
UK inflation has risen to 0.5 percent from 0.3 percent according to the Consumer Prices Index. Inflation is now at its highest since December 2014, but is still well below the Bank of England’s 2 percent target. Bank of England announces...
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S&P downgrades eurozone economic growth and inflation forecasts
Rating agency Standard & Poor’s has cut its forecasts for eurozone economic growth and inflation. It blamed a “nosedive” in financial conditions since the start of the year. S&P now expects gross domestic product in the 19 countries of...
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Eurozone inflation weak due to low energy costs, Eurostat confirms
It has been confirmed that eurozone inflation slipped back into negative territory in February. It was down 0.2 percent from the same month last year. For the entire European Union inflation was also -0.2 percent in February. Euro area...
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Russian interest rates on hold, inflation outlook uncertain
Russia’s central bank has left its main lending rate at 11 percent and signalled that it is not looking at cuts to the cost of borrowing anytime soon as it focuses on keeping inflation under control. The Banks of Russia has retained its...
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Brexit battle reaches Britain’s central bank
Bank of England Governor Mark Carney has been appearing before eurosceptic UK lawmakers, defending his view that Britain leaving the European Union could hit the country’s economy. Carney said the BoE would not assess the long-term...
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European Central Bank cuts main interest rate to zero to try to lift eurozone economy
The European Central Bank has cut its main interest rate to try to get the eurozone economy growing and to stave off ultra-low inflation – or deflation. The benchmark rate goes to zero from 0.05 percent as the main plank of stimulus...