Raising interest rates can curb economic activity, but the Bank of Japan’s deputy governor Ryozo Himino sees an even bigger danger from tightening too slowly. […]
Category: Economy
U.K. Consumer Confidence Remains Close to Multiyear Lows
Consumer sentiment was unchanged this month, but remains close to multiyear lows, hurt by the recent jump in energy prices from the conflict in the […]
U.S. Retailers’ Sales Growth Accelerated Last Month
Sales growth rose more than expected for U.S. retailers in May, as consumers continued to make purchases even as gasoline prices remained elevated. Source link
A surprise from the monthslong closure of the Strait of Hormuz is that the global economy didn’t suffer a more severe shock. Here’s why.
Abundant reserves, alternative supplies and the AI boom helped mitigate the economic harm. Source link
Philippine Central Bank Hikes Rates to Get Inflation Back on Target
Bangko Sentral ng Pilipinas raised interest rates again as it looks to tame inflation fueled by the conflict in the Middle East. Source link
Taiwan Central Bank Leaves Key Interest Rates Unchanged
Taiwan’s central bank kept interest rates unchanged for a ninth consecutive quarter as it sees moderate inflation pressure ahead after the interim U.S.-Iran peace deal. […]
U.S. Jobless Claims Fell Last Week
The number of people who filed for unemployment benefits fell to 226,000 in the week through June 18, compared with the upwardly revised 230,000 reported […]
The Bank of England left its key interest rate unchanged and joined other central banks in responding cautiously to signs that the Strait of Hormuz may soon reopen
U.K. central bank says it may yet raise rates to tame inflation triggered by closure of the energy bottleneck. Source link
Bank Indonesia Raises Rates Again to Defend Rupiah
Indonesia’s central bank raised interest rates again as it seeks to support the rupiah and contain inflation risks stemming from geopolitical volatility. Source link
U.K. Unemployment Falls Below 5%
Unemployment fell while wage growth remained flat, with continued weakness in the labor market reinforcing expectations that the BOE will keep rates on hold. Source […]