Reuters US Economy

SAO PAULO (Reuters) -Brazil’s inflation undershot market expectations in July, data from statistics agency IBGE showed on Tuesday, with a monthly drop in food prices providing some relief even as the annual rate remained well above the central bank’s target. Consumer prices in Latin America’s largest economy rose 0.26% in July, the agency said, ticking …

Brazil’s inflation undershoots forecasts in July amid high interest rates Read More »

SYDNEY (Reuters) -The Reserve Bank of Australia on Tuesday cut its main cash rate by 25 basis points to 3.60% as widely expected following a two-day policy meeting. The following is a chronology of the Reserve Bank of Australia’s interest rate moves since 1990. Each move is measured in basis points (bp), which are one-hundredths …

Australian interest rate changes since 1990 Read More »

SYDNEY, Aug 12 (Reuters) – Australia’s central bank on Tuesday slashed its forecasts for economic growth as it downgraded the outlook for productivity, implying lower living standards and incomes for the country’s 27 million residents. Yet the Reserve Bank of Australia also maintained its forecasts for a slowdown in core inflation and a steady outlook …

Australia’s central bank downgrades economic outlook, productivity speed limit Read More »

SAO PAULO (Reuters) -Brazil Finance Minister Fernando Haddad said on Monday that his virtual meeting with U.S. Treasury Secretary Scott Bessent had been canceled after initially being scheduled for Wednesday. That was a setback for the Brazilian government, which had hoped to use the meeting to negotiate tariffs after U.S. President Donald Trump’s administration imposed …

Brazil-US meeting canceled amid tariff dispute, says finance minister Read More »

By Gabriel Burin (Reuters) -Brazil’s inflation probably stayed high in July but with some deceleration in underlying trends, a Reuters poll of economists suggested. Policymakers are waiting for a cooling in consumer prices to launch a series of interest rate cuts to boost economic activity before next year’s presidential election. Monthly inflation likely sped up …

Brazil inflation likely stayed high in July, but some signs of deceleration Read More »

A look at the day ahead in European and global markets from Wayne Cole. It’s been a quiet start to the week, what with Japan on holiday and President Trump busy playing golf. Notably Nikkei futures traded in Chicago are just a whisker from all-time highs, suggesting the cash index could well reach it this …

Morning Bid: Nikkei looks to rejoin the all-time high club Read More »

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank said on Monday it was proposing cutting roughly a fifth of its workforce to save costs after the government reduced its operating budget. A Reserve Bank of New Zealand spokesperson said in an email it was planning to cut a net 142 positions, including 32 currently …

New Zealand’s central bank proposes cutting roughly a fifth of its staff Read More »