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October 23 – The Bank of Canada lowers the key interest rate to 3.75%, a drop of 0.5%. This was after inflation fell to 2%, with the Bank of Canada wanting to increase demand. [108] October 28 – The 2024 Saskatchewan general election is held. The Saskatchewan Party wins a fifth consecutive majority government. [109]
OTTAWA (Reuters) -Canada's annual inflation rate unexpectedly dropped by a tick to 1.9% in November, driven by a broad-based slowdown in prices, while the consumer price index was unchanged on a ...
The tensions between Trump and Powell were on display for much of 2024. On the campaign trail, Trump regularly criticized Powell, offering that the president should "have a say" in Fed decisions ...
July 2024 data showed that the inflation rate had dropped to 2.9%, the lowest since March 2021, with used car prices returning to normal following the 2020–2023 global chip shortage. [182] Increases in rent, [ 183 ] childcare [ 184 ] and electricity [ 185 ] still outpaced inflation at around 5%.
The Ifo Institute for Economic Research reports that Germany experienced a 13% birth rate decline nationally and up to a 17.5% birth rate decline in eastern Germany between 2021 and 2023, with the institute attributing the decline to several reasons including the COVID-19 pandemic, the Russo-Ukrainian war, and high inflation. International ...
The September rate marked the lowest annual inflation rate since February 2021. Inflation has been drifting sporadically down toward 2%, the target set by the Federal Reserve.
An explicit inflation target was first set in October 1992 by then-Chancellor of the Exchequer Norman Lamont following the departure of the UK from the Exchange Rate Mechanism. Initially, the target was based on the RPIX, which is the RPI calculated excluding mortgage interest payments. This was felt to be a better measure of the effectiveness ...
Wednesday’s inflation readings were exactly what economists had anticipated: Consensus estimates called for a 0.2% monthly increase and for the annual rate to climb to 2.3%, according to FactSet.