Economic Indicators

The Bank of Japan is closely watching service price movements to see whether inflationary pressure is broadening in the economy to warrant phasing out its massive stimulus.

Consumer price inflation – which was higher in Britain than in other rich economies until recently – is expected to fall further in the coming months, paving the way for the BoE to start cutting borrowing costs from their 16-year high.

New bank loans in China jumped by more than expected to an all-time high in January, as the central bank moved to shore up the sputtering economy, reinforcing expectations for more stimulus in the coming months.

Asked in a press conference about how confident the government was around achieving the goal, Treasury Secretary Rogerio Ceron emphasized that court-ordered payments accounted for a significant portion of the 2023 deficit.