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Author Archives: Top News Editor

New Zealand Central Bank Signals More Tightening

New Zealand’s central bank raised its key interest rate by 50 basis points on Wednesday to curb the risk of inflation becoming persistent. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to lift the Official Cash ...

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U.S. Consumer Confidence Edges Lower In May

A report released by the Conference Board on Tuesday showed a modest decrease in U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index dipped to 106.4 in May from an upwardly revised 108.6 ...

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French Economy Shrinks; Inflation At Record High

The French economy contracted in the first quarter on weak household spending, and inflation rose further to a new record in May largely due to higher energy prices, official data showed on Tuesday. Gross domestic product fell 0.2 percent sequentially, ...

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UK Mortgage Approvals Lowest Since Mid-2020

UK mortgage approvals declined to the lowest since mid-2020 in April as rising interest rate and cost of living weighed on the housing market activity, data from the Bank of England showed on Tuesday. Mortgage approvals for house purchases decreased ...

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Eurozone Economic Confidence Rises Slightly In May

Eurozone economic confidence rose slightly in May but remained below its pre-Ukraine war level, survey results from the European Commission showed on Monday. The economic sentiment index rose slightly to 105.0 in May from 104.9 in the previous month. The ...

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