UK GDP rises

Note: This section contains information in English only.
Source: Dukascopy Bank SA
In December 2024, the UK's Gross Domestic Product (GDP) increased by 0.4% compared to November, driven by growth in the services sector. This followed a smaller 0.1% rise in November. For the three months leading up to December, the UK's GDP grew by 0.1% from the previous quarter.



In the fourth quarter of 2024, the UK economy grew by 0.1%, avoiding a recession. This increase came despite a contraction in the production sector, particularly manufacturing. The services and construction sectors saw growth, while business investment decreased by 3.2%. The UK's annual GDP growth for 2024 was 0.9%. The Bank of England revised its 2025 growth forecast down to 0.75%.
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Tue, 18 Feb 2025 11:24:01 GMT

Reserve Bank of Australia Cuts Interest Rates

The Reserve Bank of Australia (RBA) has reduced its interest rate by 0.25% to 4.10%, marking its first rate cut since November 2020. This decision comes as inflation slows down, giving the RBA room to ease its policy. While the RBA is taking action to support the economy, it remains cautious. The central bank plans to keep future rate cuts gradual,

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The U.S. Consumer Price Index (CPI) for January 2025 rose by 0.5% on a seasonally adjusted basis, following a 0.4% increase in December. Over the past 12 months, the all-items index grew by 3.0%. Key contributors to the monthly increase included shelter (0.4%), which accounted for nearly 30% of the rise, energy (1.1%), with gasoline prices up 1.8%, and food

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