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 in the wake of the Ukraine war. The Reserve Bank of India raised its key…
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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 Annual Plan Coordination Committee (APCC) set the current account deficit target for fiscal year 2022-23…
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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 its battle against the worst inflation in decades. Despite a rocky week, the S&P 500…
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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 has surged since last autumn, when the lira slumped after the central bank launched a…
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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 suspending Russia from an output deal, which observers said could allow producers to pump more.…
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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 rate by 150 basis points to 13.75% for the next six weeks. More to follow…
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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 of the finance ministry has come up with initial projection of 9.5% inflation in next…
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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 raise fuel prices to revive the stalled $6 billion (now $8 billion) bailout package. The…
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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. The Indec statistics agency said the annual inflation rate hit 55.1% in the month, above…
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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 inflation outlook had intensified, especially in the near term. Headline euro zone inflation hit a…
