To curb the growing inflation, The Bank of England is expected to increase its interest rate by 0.25 percent to 5.5 percent by midday. UK inflation rate remain between 2.8 to 3.1 percent, which is well above than government mandated 2 percent level. A number of analysts have warned that rates need t[...]
Posts Tagged ‘Inflation’
April 29th, 2012 - 12:25 pm § in News Of Economy
Bank of England expected to raise interest rates to 5.5 percent
April 25th, 2012 - 12:20 pm § in News Of Economy
Inflation rates slide despite continuous rise in oil prices
Despite stiff rise in the prices of gasoline and food products, U.S current inflation is recorded lower than the previous month. US Labor Department’s consumer price index, which measures inflation at the retail level, disclose that States consumer prices increased by 0.4% in April, down from 0.6%[...]
April 25th, 2012 - 12:19 pm § in News Of Economy
Inflation fell to 2.8 percent in April
The UK’s inflation rate slowed in April, thanks to lower energy bills and the Bank of England. Consumer price Index (CPI) slashed by 0.3 percent to 2.8 percent against 3.1 percent in March. The CPI fall recorded on the drops in energy prices, Power suppliers have been reducing prices since March a[...]
April 24th, 2012 - 12:18 pm § in News Of Economy
Bank of England hints to increase Interest Rates
The Bank of England signaled further to increase its interest rates to bring inflation down to the announced target as unemployment fell to the lowest since October 2005. The U.K. central bank estimated inflation will dip to around 1.8 percent in the middle of next year, later than it predicted in F[...]
April 21st, 2012 - 9:57 am § in News Of Economy
Zimbabwe’s inflation mounts to 3,714 percent
As the day passes, Zimbabwe’s inflation rates became sorer. In the previous month, Zimbabwe’s rate of inflation has touched new heights as it surged to 3,714 percent and The International Monetary Fund (IMF) warn that Zimbabwe’s annual rate of inflation will reach more than 6,400 p[...]
April 16th, 2012 - 9:15 am § in News Of Economy
US economy strengthens as employers almost double new jobs
The US economy strengthened in May, as a robust job growth encouraged consumers to give a boost to their spending regardless of the housing slump and high energy prices. According to a new data released recently, employers added nearly twice the numbers of jobs they had in April, and at the same tim[...]
April 15th, 2012 - 8:50 am § in News Of Economy
ECB hikes key interest rates, breaches six-year high
Europe is growing faster then the United States and the economies within the euro-zone are lively. This has led to fears of a higher inflation in the near future. The European Central Bank, responding to such concerns, has raised the benchmark interest rate by 25 basis points to 4 per cent – t[...]
April 15th, 2012 - 8:42 am § in News Of Economy
New Zealand central bank increases bank rate to record high
New Zealand’s central bank increases its interest rate to a record high 8 percent from 7.75 percent amid the speculation of surging inflation. Bank heightened the official cash rate by quarter-percentage-point is bank’s third consecutive tightening this year and has now put interest rate[...]
April 7th, 2012 - 9:18 am § in News Of Economy
Fed worries about Inflation
Although, slumping prices for the new homes is trimming the profits of homemakers yet the Federal Reserve officials are worried about the inflation. Federal Reserve voted to steady the interest rate on 5.25, to study the economy better. May 9 meeting, which was called for the further plan, worried a[...]
April 7th, 2012 - 6:10 am § in News Of Economy
Fed holds interest rates unchanged
The U.S. Federal Reserve once again left its key interest rate unchanged amid economists’ warning to keep vigil on inflation. Fed officials in a unanimous move left their target for short-term interest rates at 5.25 percent, the highest in 61/2 years, following the conclusion of their two-day [...]