June 18, 2026
United States:
US Jobless Claims Edge Down in Sign of Job Market Resilience
Applications for US unemployment benefits fell last week in a sign that the labour market remains in a “low-fire” mode.
Initial claims decreased by 4,000 to 226,000 in the week ended June 13, according to Labor Department Data released Thursday. The median forecast in a Bloomberg survey of economists called for 225,000 applications. However, continuing claims, a proxy for the number of people receiving benefits, rose to 1.81 million in the previous week.
Europe:
Bank of England Holds Rates in 7-2 Vote as Oil Outlook Eases
The Bank of England held interest rates at 3.75% as it said the recent fall in oil prices was “encouraging,” even while two of the nine policymakers voted for an immediate quarter-point hike over concerns of persistent inflation.
External member Megan Greene joined April’s lone dissenter, Chief Economist Huw Pill, in voting for an immediate increase in bank rate to 4% citing the unstable outlook for prices despite the recent truce between the US and Iran. The committee left its guidance unchanged and lowered its estimate of peak inflation to 3.25% in the fourth quarter of this year, below the 3.6% it had projected in April.
Asia:
Indonesia Raises Rates Again to Go ‘All Out’ Supporting Rupiah
Indonesia’s central bank raised its key interest rate for a third time in about a month, extending its aggressive efforts to stabilize the rupiah and shore up investor confidence.
Bank Indonesia lifted the benchmark BI-Rate by 25 basis points to 5.75% on Thursday, in line with the majority of analysts surveyed by Bloomberg News.
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