Tag Archives: inflation

As measured by the Consumer Price Index (CPI), annual inflation in Germany climbed to 10.4% in October from 10% in September, Germany’s Destatis reported on Friday. This reading came in higher than the market expectation of 10.1%. Meanwhile, the Harmonised Index of Consumer Prices (HICP), the European Central Bank’s (ECB) …

The European Central Bank (ECB) announced on Thursday that it raised its key rates by 75 basis points (bps) following the October policy meeting as expected. With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility …

The European Central Bank is going to announce its monetary policy decision on Thursday. Policymakers, led by President Christine Lagarde, are expected to finally abandon their cautious approach to quantitative tightening. Europe’s CPI reading reached record highs, so, the European central bank will have to decide another 75 bps rate …

The World Bank said on Monday it has provided an additional $500 million to help Ukraine meet urgent spending needs caused by Russia’s Feb. 24 invasion and ongoing war on its soil. This came on the eve of a conference in Berlin on Tuesday where world leaders, development experts and …

On Friday, San Francisco Federal Reserve President Mary Daly warned that the US central bank should avoid putting the economy into an “unforced downturn” by raising interest rates too sharply, adding that it’s time to start talking about slowing the pace of the hikes in borrowing costs.The Fed is widely …

Next week’s the European Central Bank monetary policy meeting will be a key event that attracts traders’ attention. According to analysts a 75 basis points interest rate hike is highly expected. Analysts also believe that the deposit rate will reach 3% by March 2023. ECB’s Lagarde will have to acknowledge …

The Chinese yuan fell during Friday’s trading, near its lowest level in 14 years against the dollar, bringing its losses this year to 12.3%. And according to Bloomberg, market watchers expect further yuan weakness after the Communist Party congress ends this weekend, with the central bank loosening its grip on …

On Thursday, Federal Reserve Governor Lisa Cook said that inflation in the US is still remains unacceptably high and interest rates will need to keep rising to get it under control.According to Cook, “Inflation is too high, it must come down and we will keep at it until the job …

Turkish President Recep Tayyip Erdogan said on Wednesday that he had agreed with his Russian counterpart, Vladimir Putin, to establish a natural gas center in Turkey. Speaking to members of the ruling Justice and Development Party in parliament, Erdogan said that Putin told him that Europe can obtain its gas …

Raphael Bostic, the head of the central bank’s Atlanta district has said that inflation is too high and they have to get it under control.“There is a need for stable prices for maximum employment growth”, Bostic added, boosting bets concerning the continuation of the Fed’s hawkish stance during the next …