CAIRO (Reuters) -Egypt’s core inflation was 11.4% on an annual basis in June, down from 13.1% in May, the central bank said on Wednesday. (Reporting by Menna Alaa El-Din and Jaidaa TahaEditing by Gareth Jones)
By Guy Faulconbridge MOSCOW (Reuters) -Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a “fortress Russia” economic model during the war in Ukraine, research showed on Wednesday. The conflict has been accompanied by a significant transfer of assets as many Western companies …
‘Fortress Russia’ has seized $50 billion in assets over 3 years, research shows Read More »
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Mexico’s annual inflation rate eased in June after rising for four straight months, though core prices kept climbing, fueling expectations the central bank could slow the pace of interest rate cuts, official data showed on Wednesday. Consumer prices in Mexico rose 4.32% in the year through June, according to …
Mexico’s annual inflation eases in June, core pressures remain Read More »
By Marc Jones LONDON (Reuters) -Barbados is set to become the first nation to use a new standardised debt swap facility aimed at helping multiple countries use money for development projects instead of high-interest loan payments, finance officials have told Reuters. Dubbed a “debt-for-resilience” facility, the multi-billion dollar set-up is backed by four major development …
Barbados to be test case for first regional debt swap scheme Read More »
By Gabriel Burin (Reuters) -Brazil’s monthly inflation is expected to have slowed for the fourth time in a row in June due in part to lower gasoline prices, a Reuters poll showed. However, the 12-month measure likely remained high, justifying the central bank’s strategy to keep interest rates elevated, analysts said. The official data are …
Brazil’s monthly inflation forecast to have slowed further in June: Reuters poll Read More »
DUBAI (Reuters) -Egypt’s annual urban consumer price inflation slowed to 14.9% in June from 16.8% in May, data from statistics agency CAPMAS showed on Wednesday. The drop in inflation is steeper than the median forecast of 15 analysts polled by Reuters, which had seen annual urban consumer inflation last month at 16.2%. Urban food and …
Egypt’s annual urban consumer inflation at 14.9% in June, stats agency says Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan will likely hold off raising interest rates again until at least next March to assess the damage that U.S. tariffs could inflict on the economy, former central bank policymaker Makoto Sakurai said on Wednesday. U.S. President Donald Trump on Monday ramped up his …
BOJ will hold off rate hikes until March due to US tariff hit, ex-policymaker says Read More »
By Danial Azhar KUALA LUMPUR (Reuters) -Malaysia’s central bank cut interest rates for the first time in five years on Wednesday, as global trade uncertainties threaten the export-oriented economy, raising the prospect it may lower borrowing costs again this year to shield the economy. Bank Negara Malaysia cut its overnight policy rate (OPR) by 25 …
Malaysia central bank cuts rates for first time in five years on growth risks Read More »
By Devayani Sathyan BENGALURU (Reuters) -Australia’s central bank will cut interest rates by 25 basis points to 3.60% in August following a surprise pause this week and deliver one more cut next quarter, according to economists in a Reuters poll. The Reserve Bank of Australia held the cash rate steady for a second time this …
RBA expected to ease in August after this week’s surprise pause: Reuters poll Read More »
SYDNEY (Reuters) -Australia’s central bank is aiming to refresh how its research department can include more outside expertise and deepen links between academics and policymakers, a top official said on Wednesday. In a speech on Australia’s past and future macroeconomic research, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said the focus of research …
Australia’s central bank looks to expend role in national economic research Read More »
