The European Central Bank kept interest rates at a six-year high today to fight inflation even as the euro-region economy cools.
ECB policy makers meeting in Frankfurt left the benchmark lending rate at 4 percent, as predicted by all 59 economists in a Bloomberg News survey. The bank will wait until at least February to lower [...]
Chile’s central bank will probably raise the benchmark lending rate for the sixth time in the past 12 months as policy makers seek to slow the fastest inflation since 1994.
Central bank President Jose de Gregorio will increase the overnight rate by a quarter percentage point to 6.50 percent, according to 12 of 24 forecasts in [...]
Chukwuma Soludo and Bashir Borodo appear to be working in opposite directions when everyone expects them to maintain a symbiotic relationship. Soludo is the governor of the Central Bank of Nigeria (CBN) while Borodo is the president of the Manufacturers Association of Nigeria (MAN) - the pressure group of the nation’s endangered manufacturing sector.
The three [...]
The Bank of Israel on Monday left its benchmark lending rate unchanged at a record low following two months of cuts after the inflation rate rose to the highest in almost two years.
The rate charged to commercial lenders will remain at 3.25 percent, the bank said.
All 18 economists surveyed by Bloomberg had forecast the rate [...]
Mexico’s peso-denominated bonds were little changed, with the yield on the benchmark security close to a four-month high, on speculation quickening inflation will prompt central bankers to raise lending rates this year.
Yields on benchmark bonds have climbed 0.10 percentage point since Banco de Mexico raised its inflation forecast for this year on April 30, citing [...]
Economic think-tank IEG has projected inflation easing to around 6.4 per cent within three months from 7.61 per cent at the moment, partly due to government’s fiscal measures and expected good rabi crops.
In its latest issue of monthly journal, Monthly Monitor, the Institute of Economic Growth (IEG) also predicted lending rates to remain stable despite [...]
Whenever inflation rears its ugly head and the Reserve Bank jacks up interest rates, it’s surprising how many people start applying their minds to the mysteries of economics. They want to be convinced that higher interest rates really will get inflation down.
I guess it’s because rising interest rates are unpleasant that so many people conclude [...]
OTTAWA%26ndash;The Bank of Canada has a green light to cut interest rates aggressively next month after another flat inflation report and its U.S. counterpart slashed its lending rate to calm jittery markets. Canada%26#39;s inflation rate tumbled to its lowest level in six months [...]
Whenever inflation rears its ugly head and the Reserve Bank jacks up interest rates, it’s surprising how many people start applying their minds to the mysteries of economics. They want to be convinced that higher interest rates really will get inflation down.
I guess it’s because rising interest rates are unpleasant that so many people conclude [...]
Darlings
first Budget the main points
Mr Deputy Speaker the core purpose of this Budget is stability now and in
the future.
And its core values are fairness and opportunity founded on stability and
strength.
Mr Deputy Speaker in every country in 2008 every government has one aim to
maintain stability through the world economic slowdown.
Britain with its central role [...]
