Canada's Consumer Price Index (CPI) rose 3.2% year-on-year in May, according to figures released moments ago, compared to 2.8% in April. The core CPI, which excludes gasoline prices, rose 2.2% year-on-year, up from 2.0% in April. On a monthly basis, the index rose 1.0% in May, following a 0.4% increase in April, while expectations were for a 0.7% rise. The...
UK retail sales rose by 1.2% in May, compared to a decline of approximately 1.0% in April, exceeding expectations of 0.5% growth. Sales for the three months to May increased by 0.4%, driven by higher sales in non-food and non-traditional stores. Specifically, retail sales excluding automotive fuel rose by 1.2% in May, while sales in non-food stores increased by 1.2%,...
The Bank of England, by a majority vote of 7-2, 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 fourth consecutive meeting where the rate has been kept at 3.75%. Two members voted to raise the rate by 25 basis points. The Bank's...
The US Federal Reserve, in its meeting that concluded moments ago, decided by a majority vote of its 12 members to keep interest rates unchanged at 3.75%, as expected, for the sixth consecutive meeting and in the first meeting under Chairman Kevin Warsh. The committee reiterated its commitment to maintaining price stability. The Fed members lowered their economic growth forecast...
Data released moments ago by the US Census Bureau shows that US retail sales rose in May, reaching $763.7 billion, a 0.9% increase after a 0.5% rise in April. This figure exceeded expectations and represented a 6.9% year-over-year increase compared to May 2025. Core sales, excluding auto sales, also saw growth of 0.8% in May, compared to 0.7% in April,...
The UK's Consumer Price Index (CPI), which measures inflation, rose by 2.8% in April, according to data released by the Office for National Statistics (ONS) on Wednesday morning, June 17. This figure matched April's reading but fell short of expectations of a 3% increase. On a monthly basis, the CPI rose by 0.2% in May, unchanged from the previous month....
The ZEW Business Confidence Index for Germany rose by 20.7 points in June, moving into positive territory after three consecutive months of decline. It reached 10.5, compared to a drop of -10.2 in May, exceeding expectations of a decline to -5.8. This June growth came despite a slight decrease in the assessment of the current economic situation in Germany to...
At its meeting that concluded Tuesday morning, June 16, the Bank of Japan decided to change its monetary policy, raising interest rates by 25 basis points to 1%, their highest level since 1995. This is the first increase since December, with a majority of members voting 7-1, while member Toichiro Asada voted to keep the rate unchanged. The Bank's interest...
The Bank of Japan, the first of five central banks to announce its monetary policy this week, will be the Bank of Japan on Tuesday morning. Expectations are that the bank will raise interest rates by 25 basis points to 1%, after holding them steady for the last three consecutive meetings. Governor Ueda is expected to be absent from the...
Preliminary estimates from the UK's Office for National Statistics show that the UK's gross domestic product (GDP) contracted by 0.1% in April, following growth of 0.3% in March and 0.4% in February. This figure was in line with expectations, as the effects of the war in the Middle East continued. The services sector, which accounts for more than 70% of...