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...Australia’s central bank has kept interest rates on hold but raised its short-term inflation forecast due to higher petrol prices and services inflation....
...Separate trade data from the French central bank, which includes services, showed a second consecutive monthly current account surplus in March, which reached €1.3bn, its highest monthly level since August...
...Trinh Nguyen, senior economist at Natixis, said central banks in emerging economies could respond by raising rates to arrest the fall of domestic currencies in addition to intervention in the foreign exchange...
...The bank said the annual inflation rate would climb to about 75 per cent in May from 69.8 per cent in April, then fall to 38 per cent by the end of 2024....
...This slowdown in price falls will do little to quell above-target inflation and creates a problem for central banks wanting to bring down interest rates, according to the report....
...Equities in Hong Kong and China fell on Tuesday despite the country’s central bank announcing a reduction to the lending rate for mortgages on the mainland....
...Inflation in the eurozone’s two largest economies has fallen to its lowest level since mid-2021, but services prices remain stubbornly strong, presenting the European Central Bank with a conundrum over when...
...The moves came amid a week of heightened geopolitical conflict, with tensions between Israel and Iran rising, as well as messaging from Federal Reserve officials that the US central bank may not yet be ready...
...While the RBA said inflation would fall to its target range of 2 per cent to 3 per cent by the second half of 2025, it warned that the process of reaching that target was “unlikely to be smooth”....
...European equities fell on Thursday, pulled lower by steep declines for bank stocks after the European Central Bank sent a strong signal that it would consider cutting interest rates at its next meeting in...
...European stocks closed lower on Wednesday as traders weighed an influx of corporate earnings reports and grew more cautious about the volume of interest rate cuts expected from the European Central Bank...
...Inflation remains above the central bank’s target range of 1-3 per cent. Rents, housing and energy were the principal drivers of inflation, offsetting cheaper transport....
...European house prices fell in the final months of last year, with markets falling in northern and central EU states but booming in some eastern and southern countries....
...Eurozone inflation fell to 2.4 per cent in March, lower than forecast by economists, bolstering hopes that the European Central Bank will cut interest rates by the summer....
...Powell said his “base case” was that inflation would continue to fall over the first six months of this year. “We look at inflation over a 12-month basis. That’s our target....
...German inflation fell more than forecast in March, bolstering hopes that the European Central Bank will soon start cutting interest rates as the worst cost of living crisis for a generation subsides....
...“The birth numbers will inevitably fall as the number of women of childbearing age declines,” she said....
...Eurozone inflation fell to 2.4 per cent in March, lower than forecast, bolstering expectations that the European Central Bank will cut interest rates by the summer....
...Japan’s Topix was the only major Asian benchmark index to notch gains on Tuesday following the country’s central bank’s decision to raise interest rates for the first time since 2007....
...European investors are also awaiting a flurry of business survey data, which could provide clues on the health of the region’s economy and the likely timeline of interest rate cuts ahead of the European Central...
...It said the 0.7 per cent fall in food prices was the first such decline since 2015....
...Fabio Panetta said in his first speech since leaving the ECB to become Italy’s central bank governor that “continued weakness in economic activity” could accelerate the fall in inflation and mean monetary...
...An expected cut by the European Central Bank at its next meeting would confirm that divergence....
...But the countries have implemented few successful policy proposals to reverse the fall in productivity growth since the 2008 global financial crisis....
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