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Turkey's annual inflation rate fell slightly to 48.6% in October, a smaller fall than had been expected

Turkish inflation higher than expected at 48.58%

Turkish inflation remained higher than expected in October, dipping only to 48.58% annually and to 2.88% monthly according to data today, underscoring the central bank's difficult battle against years of soaring prices.

Business • 04 Nov 24

Consumer prices in the euro zone rose by 2% in October, up from 1.7% in September, new figures show today

Euro zone inflation rises more than expected in October

Euro zone inflation accelerated more than expected in October and could still pick up further in the coming months, bolstering the case for caution in European Central Bank interest rate cuts as price growth is not yet fully tamed.

Business • 31 Oct 24

The Bank of Japan kept short-term interest rates at 0.25% at its two-day meeting - as expected

Bank of Japan keeps rates steady, flags global risks

The Bank of Japan has maintained ultra-low interest rates today and signalled the need to scrutinise global economic developments, highlighting its focus on risks to a fragile domestic recovery in deciding when to next tighten policy.

Business • 31 Oct 24

The cost of living rose by 0.1% in the 12 months to October compared to 0% in the year to September, the CSO estimated today

Inflation estimated at 0.1% in 12 months to October - CSO

Inflation is only increasing marginally, according to the latest estimated figures from the Central Statistics Office.

Business • 31 Oct 24

Christine Lagarde, ECB President addressed the IMF meeting in Washington today

Euro zone disinflation on track, Lagarde says

Euro zone inflation is "well on track" to hit the European Central Bank's 2% target next year, ECB President Christine Lagarde said today, repeating the bank's most recent guidance.

Business • 25 Oct 24

Russia's central bank has hiked rates to 21% - the highest level since 2003

Russia hikes interest rates to 21% - highest since 2003

The Russian central bank has hiked its key interest rate by 200 basis points (bps) to 21%, the highest level since February 2003.

Business • 25 Oct 24

HCOB's preliminary composite euro zone Purchasing Managers' Index inched up to 49.7 in October from September's 49.6 but remained below the 50 mark separating growth from contraction for a second month in a row

Euro zone business activity stuck in a rut, survey shows

Euro zone business activity stalled again this month, remaining in contractionary territory as demand from both home and abroad fell despite firms barely increasing their prices, a survey showed today.

Business • 24 Oct 24

Bank of Canada, which hiked rates to a 20-year high to fight soaring prices, has now cut four times in a row since June

Bank of Canada cuts rates, hails 'good news' on inflation

The Bank of Canada has today reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country had returned to an era of low inflation.

Business • 23 Oct 24

The ECB has been cutting rates quickly this year but policymakers have so far said the goal is a 'neutral' setting

ECB starting to debate if rates have to go below neutral

European Central Bank policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic restriction, conversations this week with half a dozen sources indicate.

Business • 23 Oct 24

Japanese inflation slowed in September 2.4% from 2.8% in August, new figures show today

Japan's core inflation rate slows in September

Japanese inflation slowed in September with prices up 2.4% year-on-year, not including volatile fresh food, official data showed today.

Business • 18 Oct 24

Euro zone inflation slowed to 1.7% last month, a slight change from the 1.8% figure published on October 1

Euro zone inflation revised down to 1.7% in September

Euro zone inflation slowed more than previously estimated in September, according to revised official data released today, hours before the European Central Bank cut interest rates again.

Business • 17 Oct 24

The ECB has pointed out that inflation in the euro zone is now increasingly under control and the economic outlook has worsened

ECB cuts interest rates again as inflation cools

The European Central Bank has cut interest rates for the third time this year, saying inflation in the euro zone was increasingly under control while the outlook for the wider economy was worsening.

Business • 17 Oct 24

Economists expect inflation to reach 2.6% this year, according to a quarterly survey conducted by the Ifo institute

Inflation set to stay above ECB target in medium term

Economists expect inflation rates to stay above the European Central Bank's 2% target in the medium term, according to a survey published by Germany's Ifo institute today, a day before the central bank holds its next monetary policy meeting.

Business • 16 Oct 24

British inflation fell to an annual rate of 1.7% in September from 2.2% in August, new figures show today

UK inflation falls more than expected to 1.7%

British inflation dropped sharply in September and key price gauges watched by the Bank of England also fell, bolstering bets on an interest rate cut next month and helping finance minister Rachel Reeves before her first budget.

Business • 16 Oct 24

The European Central Bank looks set to deliver another interest rate cut later this week

Going all out? Five questions for the ECB this week

The European Central Bank looks set to deliver another interest rate cut on Thursday it had little appetite to point to just weeks ago.

Business • 14 Oct 24

The ECB cut interest rates last month and said it would keep an open mind about October

ECB accounts show cautious stance on further cuts

European Central Bank policymakers appeared content with the drop in inflation when they met last month but argued for a gradual policy easing given stubborn price pressures, the accounts of their September 12 policy meeting showed today.

Business • 10 Oct 24

In the 12 months to September, US inflation rose 2.4% - the smallest year-on-year rise since February 2021 and after a 2.5% advance in August

US consumer prices rise slightly above expectations

US consumer prices rose slightly more than expected in September, but the annual increase in inflation was the smallest in more than three and a half years, potentially keeping the Federal Reserve on track to cut interest rates again next month.

Business • 10 Oct 24

Gas prices are down 19% over the last 12 months, new CSO figures show today

Annual inflation falls to 0.7% - lowest since March 2021

A drop in energy prices has resulted in a significant fall in inflation which declined from 1.7% in the 12 months to August to 0.7% in September - the lowest level since March 2021.

Business • 10 Oct 24

The Bank of Israel is worried about the country's investor risk premium which has risen since the war began on October 7, 2023

Israel central bank holds rate steady again

The Bank of Israel kept interest rates unchanged today for the sixth meeting in a row, staying cautious as Israel's year-long war with Hamas in Gaza and fighting with Hezbollah in Lebanon accelerates inflation and weakens economic activity.

Business • 09 Oct 24

The ECB has already lowered rates twice this year and a cut to the 3.5% deposit rate on October 17 is almost fully priced in by financial markets

ECB policymakers press case for October rate cut

Several European Central Bank policymakers argued their case today for another interest rate cut next week, even if some of their colleagues remained unconvinced as turmoil in the Middle East fuels volatility in energy costs.

Business • 09 Oct 24

Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged at 6.5% for a tenth policy meeting in a row

India's central bank holds key interest rates steady

The Reserve Bank of India (RBI) kept its key interest rate unchanged today as widely expected, but changed its policy stance to "neutral", opening the door for rate cuts as early as December.

Business • 09 Oct 24

Only 12% of economists polled last month had predicted an October cut. But most have swiftly changed their view to cuts in both October and December.

Poll suggests ECB to cut rates by 25bps in Oct and Dec

The European Central Bank (ECB) will cut its deposit rate by 25 basis points on October 17 and again in December, according to more than 90% of economists polled by Reuters who now see a quicker decline in euro zone inflation.

Business • 08 Oct 24

The ECB cut rates from record highs twice already this year and markets now expect even quicker policy easing with moves in October and December fully priced in

ECB will probably cut rates in October - Villeroy

The European Central Bank will probably cut interest rates on October 17 as economic growth is weak and this raises the risk that inflation will undershoot its 2% target, French Central Bank Chief Francois Villeroy de Galhau told an Italian newspaper.

Business • 07 Oct 24

Turkey's annual inflation rate reached a decades-long high of 85% in October 2022

Turkish inflation falls less than expected to 49.4%

Turkish annual inflation slowed less than expected in September to 49.4%, official data showed today, a figure which analysts said could disappoint central bank officials after a series of interest rate hikes.

Business • 03 Oct 24

Major brokerages now expect the European Central Bank to deliver a quarter-point cut at its October 17 meeting

Big banks add October cut to ECB forecasts

Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its October 17 meeting, on the back of recent data showing economic weakness and slowing inflation.

Business • 02 Oct 24

Inflation

Turkish inflation higher than expected at 48.58%

Euro zone inflation rises more than expected in October

Bank of Japan keeps rates steady, flags global risks

Inflation estimated at 0.1% in 12 months to October - CSO

Euro zone disinflation on track, Lagarde says

Russia hikes interest rates to 21% - highest since 2003

Euro zone business activity stuck in a rut, survey shows

Bank of Canada cuts rates, hails 'good news' on inflation

ECB starting to debate if rates have to go below neutral

Japan's core inflation rate slows in September

Euro zone inflation revised down to 1.7% in September

ECB cuts interest rates again as inflation cools

Inflation set to stay above ECB target in medium term

UK inflation falls more than expected to 1.7%

Going all out? Five questions for the ECB this week

ECB accounts show cautious stance on further cuts

US consumer prices rise slightly above expectations

Annual inflation falls to 0.7% - lowest since March 2021

Israel central bank holds rate steady again

ECB policymakers press case for October rate cut

India's central bank holds key interest rates steady

Poll suggests ECB to cut rates by 25bps in Oct and Dec

ECB will probably cut rates in October - Villeroy

Turkish inflation falls less than expected to 49.4%

Big banks add October cut to ECB forecasts

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