The Reserve Bank of India left its key policy rates unchanged on Friday and unveiled a slew of measures to attract dollar inflows as the rupee continues to slide amid a mix of surging oil prices, foreign capital outflows from emerging markets and geopolitical risks triggered by the Middle East conflict. The Monetary Policy Committee unanimously decided to hold interest rates.
A Bank of England survey showed on Friday that businesses expect a bigger increase in their costs in the one year-ahead horizon but lowered their view on the consumer price inflation for the same period. Firms raised their year-ahead own-price inflation expectation to 4.0 percent in the three months to May from 3.8 percent in the three months to April, the DMP survey showed.
The Reserve Bank of India left its key policy rates unchanged on Friday, and upgraded its inflation outlook citing higher oil prices and monsoon uncertainty. The Monetary Policy Committee, governed by Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.25 percent. The committee also decided to continue with the neutral stance.
The average of household spending in Japan was down 0.5 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday - coming in at 328,969 yen. That beat forecasts for a decline of 1.5 percent following the 2.9 percent drop in March. On a seasonally adjusted monthly...
Japan will on Friday release April numbers for household spending, highlighting a modest day for Asia-Pacific economic activity. Spending is expected to add 0.8 percent on month and fall 1.5 percent on year and sinking 1.3 percent on month and 2.9 percent on year in March. Japan also will see preliminary...
U.S. nonfarm business sector productivity slowed much more than initially estimated and unit labor costs increased less than expected in the first quarter of the year, revised data from the Department of Labor showed on Thursday.
The Czech National Bank raised the countercyclical capital buffer rate on Thursday, citing strong lending activity, rising debt and increasing housing prices. The CNB bank board decided to increase the countercyclical capital buffer (CCyB) rate by 25 basis points to 1.5 percent with effect from July 1, 2027, at its financial stability meeting.
First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of 212,000.
First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of...
Slovakia's retail sales decreased slightly in April as the growth in specialized stores was offset by the weaker performance of supermarkets and e-shops. Retail sales dropped 0.2 percent year-on-year in April, reversing a 6.2 percent strong recovery in March. Sales at hyper- and supermarkets contracted 7.3 percent annually in April, and sales in e-shops were 9.2 percent lower.
The UK car market registered its strongest May performance since 2019 bolstered by wider choice and sustained competition, the Society of Motor Manufacturers and Traders, or SMMT, said Thursday. Car sales grew 7.1 percent in May from the previous year to 160,662 units. Although the growth was the best recorded for the month since 2019
Turkey's unemployment rate increased marginally in April after falling in the prior month. The seasonally adjusted unemployment rate rose to 8.2 percent in April from 8.1 percent in the previous month. The employment rate dropped to 48.1 percent from 48.7 percent in the prior month. There were 2.868 million unemployed people in April compared to 3.068 million a year ago.
Romania's retail sales declined for the ninth straight month in April. Retail sales fell by a working-day-adjusted 6.3 percent year-on-year in April, faster than the 3.8 percent decrease in March. Sales have been falling since August 2025. Sales of food products alone contracted 6.6 percent annually in April, and those of non-food products dropped 7.9 percent.
Ireland's economy shrank more deeply and faster than initially estimated in the first quarter. Gross domestic product fell a seasonally adjusted 12.1 percent sequentially in the first quarter, much faster than the 4.2 percent decline in the fourth quarter. The downturn was due to a 27.1 percent sharp contraction in the multinational-dominated sector of industry.
The UK construction sector shrank at the fastest pace in six years in May amid shrinking order books and rising economic uncertainty, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index unexpectedly fell to 38.2 in May from 39.7 in the previous month. The reading was seen at 40.4.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.