Turkey’s official inflation rate slowed to 32.95% year-on-year in August, its lowest level since late 2021, according to data from the Turkish Statistical Institute (TUIK). The figure came in slightly above market expectations of 32.6% and below July’s 33.52%, fueling speculation that the central bank may deliver another rate cut at its September policy meeting. The moderation marks a sharp contrast with
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Despite signs that inflation is edging back toward the Reserve Bank of Australia’s target range, the financial strain on households remains pronounced. According to new research from Compare the Market, 15.3% of Australians have less than $100 in their savings account as of June 2025. Although this is an improvement from 18.7% in December 2024, the figure underscores how difficult it remains
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Economic confidence in Central and Eastern Europe (CEE) improved in August, signaling a potential acceleration in GDP growth across the region, according to Capital Economics. The consultancy’s economist for emerging Europe, Nicholas Farr, noted that sentiment trends now point to annualized GDP growth of around 2.5%, up from approximately 2.0% in the second quarter. The European Commission’s latest Economic Sentiment Indicators (ESIs)
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The euro area’s private sector showed little momentum in June, with business activity expanding only marginally for the sixth month in a row, according to flash PMI data from S&P Global. The HCOB composite output index held steady at 50.2, barely above the 50.0 threshold that separates growth from contraction. This continued stagnation underscores the fragility of the region’s recovery. Growth remains
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Sweden’s central bank is poised to cut interest rates twice in 2025 as the economy slows and inflation expectations continue to fall, the National Institute of Economic Research (NIER) said Tuesday. The state-run think tank revised down its growth and inflation forecasts, citing weaker-than-expected performance in the first quarter and ongoing global uncertainties. The Riksbank cut its policy rate by 25 basis
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Consumer prices in Switzerland declined by 0.1% year-on-year in May 2025, marking the first instance of deflation since March 2021, according to data released by the Federal Statistics Office on Tuesday. This slight drop follows a period of flat inflation in April and aligns with economists’ median forecast in a Bloomberg survey. The decline was primarily driven by significant reductions in transport
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The world economy is facing headwinds as growth prospects weaken due to rising trade barriers, tighter financial conditions, eroding confidence, and heightened policy uncertainty, according to the latest OECD Economic Outlook. The report forecasts global GDP growth will decline from 3.3% in 2024 to 2.9% in both 2025 and 2026. Among major economies, the slowdown will be most pronounced in the United
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Brazil’s central bank raised interest rates by 50 basis points on Wednesday, marking the sixth consecutive increase and pushing the benchmark Selic rate to 14.75%—its highest level since August 2006. The decision was unanimous among board members, including Governor Gabriel Galipolo, and largely in line with expectations, as 32 out of 35 economists surveyed by Reuters had predicted the move. The hike
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In a decision that has left millions of mortgage borrowers and the government disappointed, the Reserve Bank of Australia (RBA) has maintained the official cash rate at 4.10%. This announcement came after a two-day policy meeting, aligning with market expectations but underscoring the bank’s cautious stance on economic risks. The RBA’s decision reflects ongoing global uncertainties and geopolitical tensions, particularly the potential
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Consumer confidence in the Eurozone took an unexpected dip in March, falling to its lowest level in three months, according to flash estimates released by the European Commission on Friday. The consumer confidence indicator for the Euro area fell to -14.5, down from -13.6 in February. The decline surprised analysts, who had anticipated an improvement to -13.0. This latest reading marks the
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