Canada's annual inflation rate reached the central bank's 2% target in August, data showed on Tuesday, fuelling hopes for a 50-basis-point interest rate cut by the country's central bank next month. T

South Africans may not have to tighten their belts so hard this month, as an interest rate cut looks imminent after consumer inflation dropped for a third month.

With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers.