China’s central bank kept interest rates unchanged
The People’s Bank of China (PBOC) decided to keep its benchmark interest rates unchanged for September, aligning with market expectations. The one-year loan prime rate (LPR), which serves as the reference for most corporate and household loans, remained at 3.35%,...
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Japan’s annual inflation rate increased
Japan’s annual inflation rate climbed to 3.0% in August 2024, up from 2.8% in the previous quarter and reaching its highest level since October 2023. The increase highlights rising price pressures across key sectors, driven by escalating costs for energy,...
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UK Consumer Confidence Index Drops
The GfK Consumer Confidence Index in the UK has dropped sharply to -20 in September 2024, marking its lowest level in six months. This significant decline follows two months of stability at -13, defying earlier expectations of continued steadiness. The...
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Japan’s Trade Deficit Shrinks
Japan’s trade deficit shrank to JPY 695.30 billion in August 2024, down from JPY 940.10 billion in the same month last year, as the country continued to see export growth. Despite the narrowing gap, the figure came in above market...
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