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Tag:

Inflation,

  • Business News

    ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde

    by Reuters May 19, 2023
    by Reuters May 19, 2023

    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, …

  • Business News

    Brazil’s finance minister signals potential change to inflation target timeline

    by Reuters May 19, 2023
    by Reuters May 19, 2023

    BRASILIA (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 …

  • Business News

    UK consumers turn more confident despite inflation pain – GfK

    by Reuters May 18, 2023
    by Reuters May 18, 2023

    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 Reuters May 18, 2023
    by Reuters May 18, 2023

    By 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 Reuters May 17, 2023
    by Reuters May 17, 2023

    WASHINGTON (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 …

  • Business News

    Argentine shoemakers and tailors buckle under 109% inflation

    by Reuters May 17, 2023
    by Reuters May 17, 2023

    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 Reuters May 17, 2023
    by Reuters May 17, 2023

    By 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 …

  • Business News

    Euro zone inflation ticks up in April

    by Reuters May 17, 2023
    by Reuters May 17, 2023

    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 Reuters May 16, 2023
    by Reuters May 16, 2023

    By 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 Reuters May 16, 2023
    by Reuters May 16, 2023

    By 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 Reuters May 15, 2023
    by Reuters May 15, 2023

    SYDNEY(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 Reuters May 15, 2023
    by Reuters May 15, 2023

    By 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 …

  • Business News

    Nigeria inflation quickens in April as food prices surge

    by Reuters May 15, 2023
    by Reuters May 15, 2023

    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 Reuters May 15, 2023
    by Reuters May 15, 2023

    ROME (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 Reuters May 15, 2023
    by Reuters May 15, 2023

    By 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 …

  • Business News

    Saudi inflation steady at 2.7% in April, driven by housing

    by Reuters May 15, 2023
    by Reuters May 15, 2023

    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 Reuters May 15, 2023
    by Reuters May 15, 2023

    STOCKHOLM (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 Reuters May 15, 2023
    by Reuters May 15, 2023

    MUMBAI (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 …

  • Business News

    Fed’s Jefferson: inflation ‘insidious,’ need to bring it down

    by Reuters May 12, 2023
    by Reuters May 12, 2023

    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 Reuters May 12, 2023
    by Reuters May 12, 2023

    By 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 Reuters May 11, 2023
    by Reuters May 11, 2023

    WELLINGTON (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 …

  • Business News

    ECB’s de Guindos singles out services as top inflation worry

    by Reuters May 11, 2023
    by Reuters May 11, 2023

    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 …

  • Business News

    BoE’s Bailey: We have to stay the course to get inflation down

    by Reuters May 11, 2023
    by Reuters May 11, 2023

    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 Reuters May 11, 2023
    by Reuters May 11, 2023

    OSLO (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 Reuters May 10, 2023
    by Reuters May 10, 2023

    By 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 …

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