Huw Pill, the chief economist of the British Central Bank, argues that the Bank of England should maintain its tight monetary policy, writes the Financial Times. "We don't need to raise rates to keep inflation under control," Pill argues. - "It will keep them at the present restricted level."...

After four months of stable policy, Australia's central bank lifted interest rates to a 12-year high on Tuesday. However, it did not say whether more tightening would be required to control inflation.   The Reserve Bank of Australia (RBA) hiked its cash rate by 25 basis points to 4.35% as it...

Despite a recent rebound in domestic demand, China's economy remains vulnerable to persistent threats, as evidenced by a mixed set of statistics that saw imports grow unexpectedly in October while exports declined at a faster rate.   The trade numbers come after a string of largely positive...

Notwithstanding opposition from developing countries and the US, nations took a step towards establishing a fund on Saturday to assist underprivileged states harmed by climate disasters.   At last year's United Nations climate conference in Egypt, developing country negotiators overcame...

China's leader, speaking at a trade show in Shanghai on Sunday, promised to increase imports and broaden market access. However, European businesses expressed disapproval, stating that they desired to see more noticeable progress in the nation's business climate.   At the annual China...

According to Economy Minister Sergio Massa, the Argentine government has decided not to impose a tax on the oil industry in an effort to reduce fuel price increases and increase the availability of gasoline. Due to a shortage of gasoline and diesel, huge lineups have formed outside gas stations in...

The central bank of Japan increased its expectations for both projected inflation and GDP growth. The country's GDP growth estimate for the current fiscal year, which runs from April 1, 2023 to March 31, 2024, has been lifted by the Bank of Japan (central bank) to 2% from 1.3% projected in July,...

Preliminary estimates indicate that annual inflation in the eurozone decreased from 4.3% in September to 2.9% in October, as per Eurostat data. A DailyFX survey of analysts predicted that the percentage will drop to just 3.1 percent. The eurozone saw 10.6% annual inflation exactly a year ago. A...

Germany's consumer prices, adjusted to EU norms, rose by 3% annually in October, according to an early report released by the Federal Statistical Office of the nation (Destatis). From 4.3% in September, inflation dropped precipitously and to its lowest level since June 2021. According to Trading...