Brazil’s economy likely expanded by 0.4% in the third quarter, according to a Reuters survey of economists, consolidating a steady, if unspectacular, pace of growth ahead of an anticipated upswing into the year end.
Input price inflation in the Egyptian non-oil private sector eased to one of the weakest rates on record in November, according to the latest survey data.
Pakistan’s central bank (CB) kept its main interest rate at 13.25 per cent, having recently stopped hiking rates as data on the economy has begun to show that inflation is steadying.
Japan’s annual core consumer inflation ticked up only marginally in October despite the boost from a sales tax hike during the month, suggesting weak household sentiment is keeping companies from passing on the higher costs.
China’s consumer inflation climbed to nearly eight-year peak in November, but factory-gate prices remained in the red, adding to uncertainty over whether the manufacturing sector is bottoming out as trade risks persist.
The Russian central bank (CB) lowered its key interest rate to 6.25% amid slowing inflation and said further rate reductions in the first half of 2020 looked possible but not imminent.
The National Bank of Hungary (NBH) sees tax-adjusted core inflation, its preferred measure of lasting price trends, at 3.4% this year and next, below its June forecasts, the NBH said in its quarterly inflation report published on Thursday.
India’s retail inflation rose close to the central bank’s medium-term target of 4% in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive interest rate cut in December.
India’s economy, it seems, has entered the stagflation phase with the key macro-economic data showing dwindling manufacturing activity as the subdued demand conditions contracted the October factory output by 3.8 per cent.