Tag: inflation
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Greek app compares supermarket prices across Europe
Through its website and app, PosoKanei allows consumers in Greece to see where products are cheapest in real time, compare prices across European countries and track price changes over time.
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Analysis: Chairman Kevin Warsh’s task forces are the key to understanding the new Fed
The new leader of the Fed left interest rates alone but made clear how he plans to rewire the central bank.
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Fed keeps rates unchanged but signals possible hike this year
The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policymakers signalled they could support a rate hike later this year as inflation remains elevated.
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Dollar jumps as Fed holds rates but projects one hike later this year
NEW YORK, June 17 : The dollar strengthened across the board on Wednesday after the Federal Reserve held the benchmark interest rate steady and the Fed’s statement showed policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation.While the central bank left the policy
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Fed holds US interest rates steady amid uncertainty over Iran deal
The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh’s first meeting in charge of the central bank.
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Warsh takes the helm: What to watch as the Fed weighs rate decision
The Federal Reserve opens a new chapter on Wednesday as Kevin Warsh chairs his first policy meeting. While interest rates are widely expected to remain unchanged, investors will be hunting for the first clues to how the US central bank’s new leader intends to steer it.
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Analysis:BOJ deputy’s brief moment at the helm reveals deeper inflation anxiety
TOKYO, June 17 : When the Bank of Japan’s second-in-charge stepped in for his sick boss at this week’s historic policy meeting, he delivered a surprisingly blunt message: The bank was in danger of falling behind the curve on inflation.Deputy Governor Shinichi Uchida, a career central banker seen as among pros
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Bank of Korea vows to respond until inflation eases towards target
SEOUL, June 17 : The governor of the Bank of Korea on Wednesday vowed to adjust policy to curb inflation, as the central bank said price pressures were expected to keep inflation above its target through next year, even with progress toward ending the U.S. war with Iran.”We will actively respond until we are
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Bank of Japan raises its key interest rate to a three-decade high
The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices.
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Bank of Japan raises interest rates to 31-year high
TOKYO, June 16 : The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.The hike was the first since December and aligns the BOJ with other central b
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