Inflation

BoE hikes interest rates again as prices surge Fallback Image Decorative pattern

Economic Indicators

BoE hikes interest rates again as prices surge

In contrast, the ECB doesn't plan to raise rates until 2023 despite record inflation

February 3, 2022

3 min read

Macklem tells senators path for falling inflation rates is uncertain Fallback Image Decorative pattern

Economic Indicators

Macklem tells senators path for falling inflation rates is uncertain

Interest rates need to rise to bring inflation back to 2% target, the Bank of Canada governor told a Senate committee

By The Canadian Press |February 2, 2022

2 min read

Caution from OPEC+ producers to keep oil prices high Fallback Image Decorative pattern

Economic Indicators

Caution from OPEC+ producers to keep oil prices high

Some of the major oil producing nations agreed to add 400,000 barrels per day in March. Brent crude was priced at US$90.09

By David Mchugh, The Associated Press |February 2, 2022

2 min read

Inflation hits 5.1% in euro area Fallback Image Decorative pattern

Economic Indicators

Inflation hits 5.1% in euro area

Energy prices, up 28.6%, played a major role in record inflation for nations using euro currency, but ECB predicts it will fall to 1.8% in 2023 and 2024

By David Mchugh, The Associated Press |February 2, 2022

3 min read