South Korea’s central bank raised its benchmark rate to 2.75% on July 16, ending 13 months of policy inaction as record chip exports push inflation above target and the won tests the 1,500 per dollar level.
Tag: inflation
Posted inEconomy
Fed Governor Cook Signals Rate Hike Readiness as US Inflation Hits 3.7%
Fed Governor Lisa Cook warned on July 15 that she is prepared to raise rates if inflation does not ease, with US prices running 3.7% year-on-year — five years above the 2% target.
Posted inMarkets
Softer June CPI Eases Rate-Hike Bets, Lifting Stocks and Gold
US June inflation came in at 3.5% annually with core CPI at 2.6%, pushing the S&P 500 up 0.38% to 7,543 and gold nearly 2% higher to $4,080 an ounce on Tuesday.
Posted inEconomy
India’s Inflation Breaches the RBI’s 4% Target for the First Time in 17 Months
India’s consumer price index rose to 4.38% in June 2026, driven by food and transport costs, reigniting debate over whether the Reserve Bank of India should resume rate hikes as early as August.
Posted inEconomy
Warsh heads to Congress as June CPI data lands minutes before his testimony begins
Fed Chair Kevin Warsh delivers his first semiannual monetary policy address to Congress on July 14–15, with June inflation data scheduled for release just 90 minutes before the House hearing opens.
Posted inEconomy
Japan factory prices hit three-year high at 7.1%, sharpening BOJ rate debate
Japan’s producer price index rose 7.1% year-on-year in June 2026, the fastest pace since March 2023, driven by energy and input costs that reinforce the case for further Bank of Japan rate hikes.
Posted inEconomy
IMF holds global growth at 3% as war shock and AI investment pull in opposite directions
The IMF’s July update kept its 2026 global growth forecast at 3% but raised headline inflation to 4.7%, citing opposing pressures from energy disruptions in the Middle East and AI-driven demand in technology-integrated economies.
Posted inEconomy
Warsh and Lagarde bury forward guidance at Sintra as inflation stays too high
The heads of the Fed, ECB, Bank of England and Bank of Canada agreed at Sintra to abandon explicit rate signalling, leaving markets to trade on data rather than guidance.
Posted inEconomy
Euro area inflation eases to 2.8% in June as energy costs retreat
Eurozone headline inflation fell to 2.8% in June from 3.2% in May, driven by a 1.7% monthly drop in energy costs — the first deceleration since the Middle East conflict began stressing prices.
Posted inEconomy
BOJ board members back further rate hikes toward a neutral rate of 2%
Bank of Japan board members backed continued rate rises and estimated a neutral rate near 2%, in the June 24 summary of opinions released after the bank’s historic 1% decision.