The Latest Breaking News from Inflation

‘Strong likelihood’ ECB is in dialling back phase, says Lagarde, after first rate cut since 2019 – as it happened

European Central Bank lowers borrowing costs for first time in almost five years, but won’t pre-commit to further cuts

The Guardian - UK · Jun 6, 2024

Interest rates are likely headed down, at least in Europe

The European Central Bank appears ready to start cutting interest rates before the U.S. Federal Reserve

The Independent UK · Jun 6, 2024

ECB To Start Cutting Rates From Record Highs

The European Central Bank is expected to start cutting interest rates from record highs Thursday, its first reduction in nearly five years, but volatile inflation means the path ahead is uncertain.

International Business Times · Jun 6, 2024

The Fed was too focused on the soft landing and has stuck the U.S. economy with higher prices, Stifel chief economist says

The Federal Reserve may not have raised interest rates enough, which made the economy run too hot for inflation to fall.

Fortune · Jun 5, 2024

Meet the ‘new consumer’: How shopper behaviour is changing in a post-inflation world

After a long anticipated wait, the Bank of Canada has finally decided to cut interest rates by 25 basis points. The decision marks a departure from the series of interest rate hikes that were previously implemented to curb inflation.

The Conversation · Jun 5, 2024

Lending to property investors jumps amid rising rents

A pick up in investor lending and housing-related loans more generally comes even as interest rates stay elevated and cuts remain in the distant future.

AAP · Jun 5, 2024

How voters turned against Narendra Modi in his party’s heartland

Anger at rampant unemployment, stagnant wages and inflation led to surprise losses in Uttar Pradesh

The Guardian - UK · Jun 5, 2024

European Central Bank expected to cut interest rates for first time in five years

A 0.25 percentage point cut to main lending rate is forecast amid growth in Germany, Italy and Spain

The Guardian - UK · Jun 5, 2024

Unions ‘do worry’ that a Labour government under Starmer will fail on public sector pay rises

The president of the Trades Union Congress (TUC) Matt Wrack has admitted that he is concerned that Labour may not increase public sector pay by enough

The Independent UK · Jun 5, 2024

When Michele Bullock tells us she’s not for turning in fighting inflation we should believe her

The RBA governor is reminding everyone that her mandate covers not just inflation, but also full employment

The Guardian - AU · Jun 5, 2024