The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy.

The Consumer Price Index rose by 1.7% in the year to August 2024, down from an annual increase of 2.2% in the 12 months to July 2024.

By Peter Jacobsen The Kamala Harris campaign is still relatively young. The current Vice President and previous US Senator from California has barely...

By Peter Jacobsen The Kamala Harris campaign is still relatively young. The current Vice President and previous US Senator from California has barely...

By Ryan McMaken According tothemost recent report from the federal government’s Bureau of Labor Statistics, the US economy added 142,000 jobs...

By Rebecca Gordon Washington Postheadlinereads: “A big problem for young workers: 70- and 80-year-olds who won’t retire.” For the first time...

There is a lack of public comment and debate about Kamala Harris’s call for price controls on groceries and rents, the most stunning and...

Recent grocery store and supermarket changes are among the most profound retail sectors. Since the pandemic started, workers have fled to other...

Recent grocery store and supermarket changes are among the most profound retail sectors. Since the pandemic started, workers have fled to other...

By Michael Munger Things are rarely so bad that decisive action by government officials can’t make things worse. In the current election, the...