Tag: inflation
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UK economy shrank 0.1% in April as Iran conflict weighed on growth
U.K. GDP fell 0.1% in April as services activity declined and companies cited pressure from the Middle East conflict.
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Bank of Korea governor says interest rates to be raised ‘on time’
SEOUL, June 12 : South Korea’s central bank governor said on Friday it was necessary to raise interest rates “on time” as inflation was expected to exceed the target for a considerable period of time amid high oil prices triggered by the Middle East conflict. “Monetary policy often faces trade-offs between po
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Bank of Japan set to hike rates to 31-year high, drop hawkish signals
TOKYO, June 12 : The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs, undeterred by the absence of its governor as it focuses on countering inflation risks from the Middle East war.The decision would align the BOJ with…
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Trading Day: Peace beckons … again
ORLANDO, Florida, June 11 : Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S. President Donald Trump canceled planned strikes on Iran and said a peace deal could be signed as soon as this weekend. In my column today, I look at why the record-breaking
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Four developed market central banks are now hiking rates
MILAN/LONDON, June 11 : The developed market rate-hiking club is getting bigger, as the European Central Bank on Thursday joined counterparts in Australia, Norway and Japan in tightening monetary policy, while more central banks are set to follow in the coming months. The Strait of Hormuz is still effectively
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ECB raises interest rate to tackle inflation surge
The European Central Bank has been moving to rein in inflation after a long pause on rate changes. The policy shift is aimed at tamping down prices while raising fresh concerns about growth.
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Trump might ‘love the inflation,’ but consumers are feeling the pain, experts say
For consumers, the Middle East conflict’s impact on the cost of everyday goods has made it harder to make ends meet.
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ECB raises rates to tackle inflation surge
The European Central Bank has been moving to rein in inflation after a long pause on rate changes. The policy shift is aimed at tamping down prices while raising fresh concerns about growth.
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Wholesale prices rose 1.1% in May, more than expected, on surge in energy
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
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‘I love the inflation,’ Trump says as prices jump again
Trump, who was in part elected on his promises to tackle inflation, said he had been prepared for the war in Iran to hit stock markets and oil prices.
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