🔷U.S. November Consumer Prices Rise As Expected
U.S. consumer price inflation ticked up to 2.7% in November from 2.6% in October and the core figure remained unchanged at 3.3%.
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🔷ECB Cuts Deposit Rate To 3.00%
The Governing Council, led by ECB President Christine Lagarde, cut the deposit rate by a quarter basis point to 3% as policymakers were confident of the disinflation process.
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🔷Swiss Central Bank Cuts Policy Rate By 50 Bps
The Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to 0.50% to curb the strength of the Swiss franc.
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🔷Bank Of Canada Slashes Interest Rates By Another 50 Basis Points
The Bank of Canada decided to reduce its target for the overnight rate by 50 basis points to 3.25% as expected to support growth and keep inflation closer to the target.
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🔷China Export Growth Weakens, Imports Post Surprise Decline
China's exports growth weakened more than expected to 6.7% in November and imports posted a surprise decline of 3.9% due to the weak domestic demand.
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