Tag Archives: Cut Rates
Canada’s Inflation Falls to 1.8% in December
Canada’s December Inflation Slows with Mid-Month Tax Break Canada’s annual inflation rate slowed in December, as data released on Tuesday revealed. This was partly due to a sales tax break introduced mid-month, which reduced the prices of alcohol, restaurant food, and children’s clothing. The annual inflation rate dropped to 1.8%, according to Statistics Canada, slightly […]
Euro Falls as ECB Cuts Rates by 25 Basis Points
ECB Cuts Rates to 3% as Expected The European Central Bank (ECB) lowered its benchmark interest rate by 25 basis points to 3% on Thursday, a decision widely anticipated by markets. This marks the fourth-rate reduction in 2024, with the central bank hinting at the potential for additional cuts as inflation nears its target and […]
