Other news

After a warm November, temperatures will drop this month across Europe, and increased pressure on natural gas supplies will test the region's fragile energy networks.

It’s reported that the inflation held the Germans back from non-essential goods. Thus, the retail sales figure for October was significantly lower than predicted.

Commerzbank economists report that the Swiss National Bank (SNB) intends to continue fighting against excessive inflation.

Nationwide Building Society reported that housing costs in the UK have plummeted more than experts anticipated. The first fall in prices took place at the beginning of the pandemic. It was caused by a sharp rise in borrowing costs, driving down demand in the country.

The exchange rate between the dollar and yen continues to fall. At the same time, on Thursday, BOJ’s employees expressed an opinion about the abolition of stimuli for the yen.

According to a monthly survey by Citi/YouGov, public expectations for inflation levels over the coming years have lowered.

The Bank of Mexico posted an optimistic inflation forecast on Wednesday. It is noted the cycle of rising interest rates, which began in June 2021, is nearing completion.

China is weakening its position on the coronavirus and easing some restrictions. This comes despite a record high number of new cases of infection.

It was the US Dollar’s time to shine among other currencies in 2022. However, according to the forecast of economists at Commerzbank, the dollar will reverse course and weaken next year amid interest rate cuts.

Sally Auld, director of investments at JBWere Ltd said that the central bank of Australia is signaling a higher tolerance for inflation, which is very risky.