This report presents the current annual interest rates charged by the central banks of the top 25 richest countries. In a nutshell, interest rates define the price of money. At a macroeconomic level, central banks use their current annual interest rates (sometimes called discount rates) to shape monetary policy. Central bank interest rates also impact bank reserves, monetary … [Read more...] about Central Bank Interest Rates for Top 25 Richest Countries
Economic Indicators
Unemployment Rates for Top 25 Richest Countries
This report focuses on the latest annual unemployment rates for 25 of the world’s richest countries. Unemployment rates are typically calculated as a percentage of a country’s labor force, consisting of employed people plus the unemployed. The Economist explains that the unemployment rate is a lagging indicator of the state-of-the economy cycle. Compared with the average … [Read more...] about Unemployment Rates for Top 25 Richest Countries
Inflation Rates for Top 25 Richest Countries
In this report, we peruse the latest annual inflation rates for the top 25 richest countries. Our focus is on consumer prices. Consumer prices provide the quickest insights into country-specific inflationary trends, and can be used to measure other cost indicators such as wages and commodities. Inflation is caused by two complex groups of economic forces. The cost-push … [Read more...] about Inflation Rates for Top 25 Richest Countries