Hungary’s inflation rate dropped to the lowest level in a year as an prolonged recession limited the room to raise prices.
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Poland's central bank surprises with sharp interest rate cuts despite double-digit inflationWARSAW, Poland (AP) — Poland's central bank lowered its interest rates by 75 basis points on Wednesday despite the country's double-digit inflation rate. The move prompted concerns that the central bank was wading into politics with a premature rate cut to help the populist governing party ahead of parliamentary elections next month. The National Bank of Poland's monetary policy council announced that it was cutting the reference rate from 6.75% to 6%, and other interest rates by the same amount
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Malaysia Keeps Key Rate Steady Amid Cooling Inflation, GrowthMalaysia kept its benchmark interest rate unchanged yet again on Thursday, as the Southeast Asian country looks to sustain economic growth following months of slowing inflation and exports.
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Poland bank governor says interest rate cut justified by falling inflationWARSAW, Poland (AP) — The governor of Poland's central bank said Thursday that its large interest rate cut was justified despite high inflation because prices are stabilizing and the era of high inflation is ending. Adam Glapinski spoke a day after the bank's monetary council announced that it was cutting interest rates by 75 basis points, a much larger reduction than had been expected by economists. Critics of Poland’s populist authorities accused Glapinski and members of the bank’s monetary po
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Bank of Canada to announce interest rate decision this morningOTTAWA — The Bank of Canada is set to announce its interest rate decision this morning as forecasters widely anticipate the central bank will hold its key lending rate steady. Canada's inflation rate ticked up to 3.3 per cent in July year-over-year, but economists say cracks emerging in the economy will likely sway the central bank against further rate hikes. Statistics Canada reported last week real gross domestic product contracted in the second quarter. Meanwhile, the unemployment rate has be
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Spotlight: Time to reconsider a variable mortgage rate?Consider holding on your rate decision with an ultra-low 6-month fixed rate product
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