Since March last year, the central bank has rapidly raised interest rates from near zero to a range of 5.25-5.5 per cent, in an effort to fight the worst inflation…
Michael Stull, a senior executive at the recruiter Manpower, said the demand for workers was weaker than a year ago, though there were “mixed messages” from employers…reports Asian Lite News…
The marginal lending facility, which offers overnight credit to banks, was also increased by a quarter-point to 4.75 per cent…reports Asian Lite News The European Central Bank (ECB) has raised…
Regular pay grew by 7.8%, the highest annual growth rate since comparable records began in 2001, reveals Office for National Statistics…reports Asian Lite News Wages grew at a record annual…
The Office for National Statistics said that falling of fuel prices was the biggest driver behind the drop, while food price inflation also pared back…reports Asian Lite News Inflation in…
Inflation is due to fall from 7 per cent recorded in the March quarter this year to 3.25 per cent in 2023-24, before returning to the Reserve Bank of Australia…
Influential think tank the Institute for Fiscal Studies (IFS) warned higher rates would result in a drop of more than 20% in disposable income for 1.4 million mortgage holders…reports Asian…
President Recep Tayyip Erdogan had pursued low-interest rates and a high-growth program despite high inflation…reports Asian Lite News Turkish Vice President Cevdet Yilmaz said that the government would maintain existing…
The global investment banking firm said Asia’s inflation has already peaked in September 2022 and is on the disinflation path….reports Asian Lite News Inflation in Asia is moderating and…
The Baltic countries are projected to record the highest annual inflation rates last month, with 20.1 per cent for Latvia, 17.8 per cent for Estonia and 17.2 per cent for…