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The Netherlands statistics office reports that the country has entered a recession after the economy declined by 0.3% in the second quarter with exports and household spending falling despite rising interest rates that were intended to lower inflation.
2023-08-16

Inflation in the United Kingdom reaches a record 11.1%, pressuring the Bank of England to raise interest rates.
2022-11-16

A nationwide strike begins in France with workers demanding higher salaries amid increasing inflation in the country.
2022-10-18

President Recep Tayyip Erdoğan announces that the value-added tax (VAT) will be lowered from 8% to 1% on dairy products, fruit, vegetables, and other basic foods. The VAT reduction, aimed at countering soaring inflation, will go into effect on Monday.
2022-02-12

Venezuela's National Assembly, responding to last month's Central Bank of Venezuela report that the country experienced a 180.9 percent inflation increase in 2015, passes legislation, "The Law of Bonds for Food and Medicine for Retirees and Pensioners", that could make it easier for pensioners and retirees to pay for food and medicine. The approved bill has been forwarded for President Nicolás Maduro's signature.
2016-03-31

The People's Bank of China cuts interest rates for a fourth successive time to help stabilize growth.
2015-06-27

The Reserve Bank of India permits Indian investments to and from Pakistan. India's minister of external affairs SM Krishna arrives in Pakistan for a meeting on Saturday in Islamabad with his Pakistani counterpart Hina Rabbani Khar.
2012-09-7

The Bank of England says it expects inflation to reach 5% this year, due to higher fuel bills that could rise by up to 15%, and revises down its growth projection for the UK economy.
2011-05-11

The Reserve Bank of India increases interest rates by 50 basis points to 7.25 per cent.
2011-05-3

The Australian dollar reaches new 29-year highs against the US dollar due to higher than expected inflation figures sparking predictions of higher interest rates.
2011-04-27