Charting the global economy: BOE sends clearest sign yet of interest-rate cuts
economictimes.indiatimes.comBank of England sent its clearest signal yet that it was closing in on interest-rate cuts, with Governor Andrew Bailey indicating markets were underpricing the pace of easing in the months ahead.
The BOE governor made his comments after the UK central bank voted 7-2 to keep the base interest rate at 5.25%, a decision announced Thursday in London. He said recent inflation data have been “encouraging.”
Meanwhile, price pressures in Brazil continued to ease, prompting the central bank to cut interest rates but at a slower pace.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, geopolitics and markets:
World
Thirteen economies across the developed world were in per-capita recessions at the end of last year, according to exclusive analysis by Bloomberg Economics. While there are other factors — such as the shift to less-productive service jobs and the fact that immigrants typically earn less — housing shortages and associated cost-of-living strains are a common thread.
Outside of the BOE, Australia, Malaysia, Mexico, Poland and Serbia also held rates steady. Sweden cut its rate for the first time in eight years, while Brazil and Peru also lowered borrowing costs.
Europe
The euro zone’s economy is waiting for a resounding vote of confidence from its own consumers for its long-awaited rebound to finally take shape. The evidence so far suggests that didn’t really happen during the first quarter, but there are some recent hints that the consumer-driven
