Tag Archives: inflation

The euro has rebounded against the US dollar over the past two trading days on news that the US president-elect may consider a gradual pace of hiking tariffs. However, the trend may be vulnerable to the upcoming US CPI, which is expected to remain sticky in December. ADVERTISEMENT The euro-dollar pair, EUR/USD, rebounded after hitting a fresh two-year low of …

Eurozone inflation fell to 2.4% in December 2024, but ECB chief economist Philip Lane cautions that services inflation and uneven growth persist. A “middle path” on interest rates and structural reforms is crucial for stability. ADVERTISEMENT The eurozone has made substantial progress in reducing inflation, yet ensuring it stabilises at the 2% target without hindering economic growth remains a critical …

Analysts are now hopeful that the Swedish central bank will lower its key policy rate later this month, following five interest rate cuts last year. ADVERTISEMENT Prices in Sweden rose at a slower pace in December compared to the prior month, fuelling predictions that the country’s central bank will cut interest rates at its next monetary policy meeting on 28 …

Despite the rise in inflation, markets continue to anticipate aggressive ECB rate cuts in 2025, with a 25-basis-point reduction expected this month. ADVERTISEMENT Inflation in the eurozone climbed to 2.4% year-on-year in December, according to preliminary data released by Eurostat on Tuesday, matching economists’ forecasts and marking an increase from 2.2% in November.  On a monthly basis, consumer prices rose by 0.4%, reversing November’s 0.3% …

Germany’s inflationary pressures resurged strongly in December, exceeding forecasts and reaching an 11-month high, with latest data signalling a persistent challenge for policymakers at the European Central Bank. ADVERTISEMENT Germany’s inflation figure hit 2.6% in December, its highest level in 11 months and surpassing forecasts of 2.4%. Core inflation edged up to 3.1%. Markets reacted as Bund yields hit 2.45% …

Spain’s inflation climbed to 2.8% in December, surpassing the 2.6% forecast, propelled by rising fuel prices and increased leisure costs. Core inflation reached 2.6%, signalling persistent pressures, particularly in services. ADVERTISEMENT Spain closed 2024 with an inflation surprise: consumer prices rose at a higher-than-expected annual rate of 2.8% in December, according to flash estimates from Spain’s National Statistics Institute (INE) …

UK inflation climbed to 2.6% in November, up from 2.3% in October, according to the Office for National Statistics (ONS).    The rise matches market expectations and comes as the Bank of England prepares for its upcoming decision on interest rates later this week.   Core inflation, which excludes volatile items such as food and energy, also increased to 3.5% …

The biggest increase since March and the second rise in two months is likely to cement market expectations that the Bank of England will keep its main interest rate unchanged after its policy meeting on Thursday. ADVERTISEMENT UK inflation has risen to its highest level since March, driven by an increase in fuel prices last month, official figures have revealed. …

Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for the populace. According to the NBS’ latest Consumer Price Index and Inflation for November,  the country’s headline or all-items inflation increased by 0.72 percent on a month-on-month basis. The report also showed that Nigeria’s inflation increased by 6.40 …

The ECB has cut rates by 0.25% to 3%, citing progress toward its 2% inflation target and warning of downside growth risks. Lagarde noted signs of slowing momentum and weak investment. A larger cut was debated, but consensus formed around 25 basis points. Policy remains data-driven. ADVERTISEMENT The European Central Bank (ECB) cut its key interest rates by 25 basis …