inflation
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India hikes interest rates 50 basis points to fight inflation
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[ad_1] This file photo shows the entrance of the Reserve Bank of India (RBI). Courtesy Hindustan Times MUMBAI: India’s central bank on Wednesday hiked rates for the second time in two months, as Asia’s third-largest economy reels from galloping inflation…
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Inflation to stay in double digits | The Express Tribune
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[ad_1] ISLAMABAD: The federal government on Saturday approved 5% economic growth and 11.5% inflation targets for the next fiscal year as it faces the challenge of striking balance between growth and economic viability. Headed by Planning Minister Ahsan Iqbal, the…
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US market rebound faces key inflation test | The Express Tribune
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[ad_1] NEW YORK: A rally that lifted US stocks from the brink of a bear market faces an important test next week, when consumer price data offers insight on how much more the Federal Reserve will need to do in…
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Turkish inflation soars to 73% | The Express Tribune
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[ad_1] ISTANBUL: Turkey’s annual inflation rate jumped to a 24-year high of 73.5% in May, fuelled by the war in Ukraine, rising energy prices and a tumbling lira — though the figure was slightly lower than economists had feared. Inflation…
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Asian markets mixed on inflation worry, oil bounces after drop
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[ad_1] Photo: AFP/file HONG KONG: Asian markets fluctuated Wednesday following losses on Wall Street and data reminding traders that inflation shows no sign of easing. Oil rallied after seeing a sharp drop earlier on reports that OPEC was considering…
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SBP further increases policy rate by 150bps to control inflation
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[ad_1] This file photo shows the building of the State Bank of Pakistan. — AFP KARACHI: In a bid to maintain the balance between inflation and economic growth, the State Bank of Pakistan (SBP) on Monday raised the benchmark policy…
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9.5% inflation forecast ‘unrealistic’ | The Express Tribune
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[ad_1] ISLAMABAD: The government has expressed its reservations about the initial projection of single-digit inflation in the next fiscal year, as it slowly starts taking stock of the situation amid soaring consumer prices in the country. The economic advisory wing…
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Inflation skyrocketed to 13.4% | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate in April skyrocketed to 13.4% – the highest pace in almost eleven-and-a-half years, putting the new government in a tight spot at a time when it had already committed with the International Monetary Fund to…
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Argentina annual inflation hits 55% | The Express Tribune
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[ad_1] BUENOS AIRES: Argentina’s monthly inflation rate soared to 6.7% in March, the government said on Wednesday, far above forecasts and the highest level in two decades as spiraling food and fuel prices dent the value of salaries and savings….
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ECB monitoring inflation expectations | The Express Tribune
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[ad_1] FRANKFURT: Measures of underlying inflation in the euro zone have risen above the European Central Bank’s 2% target and the ECB is closely monitoring inflation expectations, its President Christine Lagarde said on Thursday. She said upside risks to the…
