At its meeting earlier today, Thursday, April 30, the ECB decided to maintain its three key interest rates at their current levels: the deposit rate at 2%, the main refinancing operation rate at 2.15%, and the lending facility rate at 2.40%. This marks the seventh consecutive meeting where the ECB has held its rates steady. In its policy statement, the...
The Bank of England, by a vote of 8-1, decided to maintain its monetary policy and keep interest rates unchanged at 3.75%, as expected, at its meeting earlier today, Thursday, April 30th. This marks the second consecutive meeting where the rate remains at 3.75%. One member voted for a 25 basis point increase. The Bank's interest rate report stated that...
New orders for durable goods rose in March, according to a report released moments ago by the US Census Bureau. The increase was $2.6 billion, reaching $318.9 billion, a rise of 0.8% after three consecutive months of declines. This compares to a 1.2% drop in February, exceeding expectations of 0.4% growth. Meanwhile, core orders, excluding transportation, rose 0.9% in March,...
igures released this morning, Wednesday, April 29, during the Asian session by the Australian Bureau of Statistics (ABS) showed that consumer price inflation rose to 4.6% year-on-year in March, its highest level in over two years. This compares to 3.7% growth in February and was below expectations of 4.8%. The index also rose 1.1% month-on-month in March, after showing no...
At its meeting that concluded Tuesday morning, April 28, the Bank of Japan decided to maintain its monetary policy and interest rates unchanged. Members voted 6-3 to keep the interest rate at 0.75%, as expected, while three members favored a 0.25-point increase due to tensions in the Middle East and rising inflation risks. The Bank of Japan's quarterly outlook report...
The IFO Business Climate Index for Germany fell in April to 84.4, down from 86.4 in March, missing market expectations of a rise to 85.7. The index, which is based on a survey of nearly 9,000 German companies, reached its lowest level since May 2020, reflecting business pessimism about the coming months and the impact of the Middle East conflict...
UK retail sales rose by 0.7% in March, compared to a revised 0.6% decline in February (originally a 0.4% drop), while forecasts had predicted no change. Sales in the first quarter rose by 1.6%, boosted by increased sales in non-food and non-traditional stores. Specifically, retail sales excluding automotive fuel rose by 0.2% in March and 1.4% in the first quarter....
Data released at the start of the European session on Thursday, April 23, showed mixed performance across most Eurozone services and manufacturing PMIs, while the UK's April reading was positive. The Eurozone services PMI fell to a 62-month low of 47.4 in April, compared to 50.2 in March (predicted 49.8). Conversely, the manufacturing PMI rose to a 47-month high of...
The UK's Consumer Price Index (CPI), which measures inflation, rose to 3.3% in March, according to data released by the Office for National Statistics (ONS) on Wednesday morning, April 22. This compares to 3% in February and matches market expectations. On a monthly basis, the CPI rose by 0.7% in March, compared to 0.3% in February. The core CPI, which...
Data released moments ago by the US Census Bureau shows that US retail sales rose in March, reaching $752.1 billion, a 1.7% increase after a revised 0.7% rise in February (expectations were 1.4%). Sales were up 4% year-over-year compared to March 2025. Core sales, excluding autos, also grew by 1.9% in March, compared to a revised 0.7% in November, exceeding...