By Jesús Aguado MADRID (Reuters) – The European Central Bank needs to keep interest rates high to curb inflation in the medium term, its president Christine Lagarde said on Friday, …
Inflation,
-
- Business News
Brazil’s finance minister signals potential change to inflation target timeline
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad on Thursday suggested that the country’s new government is looking at adjusting the timeline for achieving its inflation target. He said in …
-
By Suban Abdulla LONDON (Reuters) – British consumer confidence has risen for the fourth month in a row to its highest in 15 months as households take a more positive …
- Business News
Fed’s Jefferson: Inflation “too high,” but impact of high rates not full felt yet
by Reutersby ReutersBy Howard Schneider WASHINGTON (Reuters) – Federal Reserve Governor and vice chair nominee Philip Jefferson said progress on inflation may be slowing but said it was also too early in …
- Business News
IMF’s Gopinath sees ‘sizeable’ upside inflation risks, says markets too optimistic
by Reutersby ReutersWASHINGTON (Reuters) – The International Monetary Fund’s no. 2 official said on Wednesday she sees sizeable risks that inflation will remain high or accelerate in many emerging markets and urged …
-
By Horacio Soria BUENOS AIRES (Reuters) – In Juan Capano’s shoemakers’ workshop on the outskirts of Buenos Aires, 109% inflation makes a painful daily impact: constantly changing input costs for …
- Business News
Exclusive-Polish fiscal policy should help tackle inflation – IMF
by Reutersby ReutersBy Gergely Szakacs BUDAPEST (Reuters) – Poland’s government must ensure its fiscal policies support the fight to bring inflation down, the International Monetary Fund’s regional head told Reuters, days after …
-
FRANKFURT (Reuters) – Euro zone inflation accelerated last month, Eurostat said on Wednesday, confirming preliminary data pointing to increasingly stubborn price growth among the 20 nations sharing the euro. Overall …
- Business News
Powell’s legacy tested by inflation, bank crisis, new Fed dynamics
by Reutersby ReutersBy Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, who navigated a combative White House and a pandemic in his first years as head of the U.S. central …
- Business News
EBRD: Inflation has peaked, but rising gas prices will pressure households
by Reutersby ReutersBy Jorgelina do Rosario LONDON (Reuters) – Inflation has peaked in emerging Europe, central Asia and north Africa, but rising gas prices in the coming winter will keep pressure on …
- Business News
Australia’s central bank hiked in May due to inflation risks, more raises may be required
by Reutersby ReutersSYDNEY(Reuters) – Australia’s central bank decided to hike at its May meeting due to inflation risks from weak productivity growth, persistently high services inflation and faster-than-forecast rental increases, saying more …
- Business News
Argentina raises economic defenses against inflation ‘onslaught’
by Reutersby ReutersBy Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s government is bolstering its economic defenses as it battles runaway inflation that hit 109% in April, fast draining central bank foreign currency …
-
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual inflation rose to 22.22% in April from 22.04% the previous month, as the price of food continued to rise, the National Bureau …
- Business News
“Cut the price of baby products”, says Italy’s inflation watchdog
by Reutersby ReutersROME (Reuters) – Italy’s industry minister said on Monday that a cut in sales tax on baby products has not produced the expected fall in consumer prices and called for …
- Business News
EU exec sees stronger 2023, 2024 euro zone growth, but higher inflation
by Reutersby ReutersBy Jan Strupczewski BRUSSELS (Reuters) – Euro zone economic growth will be faster than previously expected this year and next thanks to faster expansion in Italy and Spain, but inflation …
-
DUBAI (Reuters) – Saudi Arabia’s annual inflation rate was 2.7% in April, unchanged from the previous month, driven mostly by housing rental costs, government data released on Monday showed. Housing, …
- Business News
Swedish inflation dips more than expected in April, easing cbank worries
by Reutersby ReutersSTOCKHOLM (Reuters) – Inflation in Sweden slowed faster than expected in April, data from the statistics office showed on Monday, good news for the central bank that has fretted that …
- Business News
India’s retail inflation may ease to cenbank’s 4% target in May -economists
by Reutersby ReutersMUMBAI (Reuters) – India’s headline retail inflation in May is likely to fall further towards 4% — the midpoint of the central bank’s target and a level last seen in …
-
PALO ALTO, Calif. – Federal Reserve Governor Philip Jefferson said on Friday he is just as serious about the central bank’s goal of full employment as about its mandate for …
- Business News
India’s April retail inflation eases to 18-month low on softer food price
by Reutersby ReutersBy Aftab Ahmed NEW DELHI (Reuters) – India’s annual retail inflation eased to 18-month low in April, staying well below the Reserve Bank of India’s (RBI) upper tolerance limit for …
- Business News
New Zealand Q2 average 1-yr inflation expectations ease to 4.28% – central bank survey
by Reutersby ReutersWELLINGTON (Reuters) – New Zealand’s near-term rate of inflation is expected to continue to ease over the coming two years, a survey showed on Monday. The Reserve Bank of New …
-
By Joan Faus BARCELONA (Reuters) – European Central Bank Vice President Luis de Guindos on Thursday singled out the rising price of services as his top concern in the ECB’s …
-
LONDON (Reuters) – The Bank of England must stay the course to ensure the level of inflation falls back to its 2% target, the central bank’s Governor Andrew Bailey said …
- Business News
Norway government ups spending by $5.3 billion due to inflation, Ukraine aid
by Reutersby ReutersOSLO (Reuters) -Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion) from its sovereign wealth fund in 2023 to compensate for …
- Business News
UK’s Sunak may fall short on 2023 inflation goal, NIESR forecasts
by Reutersby ReutersBy David Milliken LONDON (Reuters) – British Prime Minister Rishi Sunak risks missing his goal of halving inflation this year as underlying inflation shows little sign of having peaked in …