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The BoE cut rates by 0.25 percent to 5.0 percent, a decision viewed as a close call
The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023
The eurozone's service sector inflation declined to 4 percent from 4.1 percent in June
The central bank raised its short-term policy rate to levels not seen since 2008, defying market expectations
This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings
The solid growth is driven by resilient consumer spending and business investment
One-year loan prime rate (LPR) declined to 3.35 percent, while the five-year LPR was reduced to 3.85 percent
The Bank of England's interest reached a 16-year high of 5.25 percent in August 2023
Core U.S. retail sales rose 0.9 percent in June after a 0.4 percent unrevised gain in May
The Fund expected consumption boost from wage increases
IMF urges the U.S. government to reduce its high fiscal deficit and put debt on a downward trajectory
The BLS data also showed that consumer prices fell by 0.1 percent on a monthly basis
BOJ faces pressure to hike rates on its upcoming meeting
Reducing policy restraint too late or too little could unduly weaken economic activity and employment, Powell stated
Inflation in Europe's largest economy had already slackened to 2.3 percent in March, its lowest level since June 2021
Japanese companies project inflation to hit 2.3 percent three years from now and 2.2 percent five years later
Morgan Stanley analysts expect an August rate hike, which may further weaken domestic trading conditions
The annual inflation rate accelerated to 2.9 percent in May from 2.7 percent in April
While the ECB must ensure inflation returns to 2 percent, it shouldn’t overly dampen economic activity with interest rate cuts
The assets of the banking sector reached 429.58 trillion yuan, up 8.1 percent YoY
The SNB now expects inflation to be 1.3 percent in 2024, 1.1 percent in 2025, and 1 percent in 2026.
The one-year LPR was kept at 3.45 percent, while the five-year LPR was maintained at 3.95 percent
This marks the lowest annual increase in the consumer price index since mid-2021, in line with analysts' forecasts
The central bank decided to outline its plan to reduce buying for the next 1-2 years in its July meeting
