Seven priorities outline focus on affordability, economic growth and trade
The unemployment rate held at a healthy 4.2% in April
Core inflation accelerated to top 3% in April, despite a drop in headline CPI
Economists cut global growth outlook to 2.4% in 2025
Producer price index falls 0.5% in April, with tariffs impact expected to show up starting in June
Prescribed rate for the third quarter to decrease by one percentage point — to 3%
Central bank cites layers of uncertainty regarding U.S. tariffs
U.S. President keeps up pressure for a rate cut, arguing inflation is no longer a threat
U.S. growth forecast at 1.8% with global GDP at 2.8% for 2025
Central bank cites uncertainty around tariffs and competing risks of inflation and recession