the fight against inflation differs by nation
Nov 01, 2023
Written by
Ryan BerlinSHARE THIS
NORTH AMERICAN HAWKS & EUROPEAN DOVES
High inflation has affected nations across the globe, though to varying degrees. A mix of demand-side factors, including covid-era ultra-low interest rates, and supply-side factors including global supply chain issues were among the reasons that inflation was so ubiquitous around the world. And while all central banks had to first stimulate their economies in the face of covid, then grapple with high inflation, their methods for each vary.
While Canada went to a near-zero deposit rate in 2020 at 0.25%, and the US actually went to 0.00%, the UK went to 0.10%, and the EU, meanwhile, went negative to -0.50%. These differing rates, along with the respective decisions on when to start hiking likely had some impact on the runup in inflation in 2021 and 2022. Canada and the US both started to increase in March 2022 and the EU waited until July and the UK December. Inflation rates in Canada and the US peaked in June at 8.1% and 9.1%, respectively. Canada and the US now both have higher interest rates than inflation rates, while the EU lags behind at a 3.50% interest rate and inflation of 5.3%, while the UK is at a 5.00% interest rate and a 6.9% inflation rate.
Twice a year, rennie intelligence produces the rennie landscape, which tracks a variety of demographic and economic indicators that directly and indirectly influence the housing markets of Metro Vancouver, Greater Victoria, and the Central Okanagan. Our goal is to provide our community with a basis for evaluating the trajectory of the factors that collectively define the context of the real estate market.
Our
comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of
.
Written by
Related
The rental "discount" available in traditionally more affordable Seattle submarkets is shrinking, and in some cases, have disappeared entirely.
May 2025
Article
5mins read
Another month of below-average sales and elevated new listings in April helped push inventory in the Central Okanagan closer to a new decade high. Available condo inventory has diverged from other home types and was more than 70% above long-run average levels.
May 2025
Report