Egypt cut its main interest rates by a full percentage point as the lowest inflation in almost a decade allowed the central bank’s third consecutive reduction to spur investment without dimming the allure of the world’s best carry trade.
Britain’s inflation rate unexpectedly overshot the Bank of England’s two percent target on Wednesday, raising the cost of living even before sterling’s slide has had much chance to feed into consumer prices.
The Statistical Center of Iran (SCI) reported a lowered month-on-month inflation rate as the national currency rial keeps recovering against the US dollar despite Tehran’s political and military tensions with the West.
French monthly inflation slowed faster than expected in May, thanks largely to a fall in service sector prices which offset a marked acceleration in food prices, final EU-harmonized data from the INSEE statistics agency showed on Friday.
India's retail inflation likely accelerated to a seven-month high in May on rising food prices, but it is expected to remain well below the target of Reserve Bank of India (RBI), giving it room to ease policy further, a Reuters poll found.
Bank of Japan Governor Haruhiko Kuroda said major central banks may have to become more flexible targeting inflation, as they are missing targets due to the price dampening effects of technological innovations and globalization.