Bank of England logo is seen in this illustration. While economists expected prices to drop rapidly later this year, inflation is more than five times higher than the Bank of England’s 2% target. | Photo Credit: Reuters Britain’s inflation rate rose for the first time in four months in February, surprising analysts and increasing pressure […]
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Image for representation purpose only. As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, and State-run banks led by Punjab & Sind Bank tops the chart offering 8-8.50% per annum deposit rate. Banks are forced to offer inflation-beating deposit […]
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Reserve Bank of India (RBI) logo. Image used for representative purpose only. | Photo Credit: Reuters After three back-to-back 50 basis points hike in interest rates, the Reserve Bank may opt for a lower rate increase of 25-35 bps in lending rates at its coming monetary policy review on Wednesday amid retail inflation showing signs […]
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The rise in Britain’s consumer price inflation was above economists’ expectations in a Reuters poll for inflation to rise to 9.8% in July The rise in Britain’s consumer price inflation was above economists’ expectations in a Reuters poll for inflation to rise to 9.8% in July British consumer price inflation rose to 10.1% in July, […]
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Australia’s central bank has lifted its benchmark interest rate for the first time in more than 11 years Australia’s central bank has lifted its benchmark interest rate for the first time in more than 11 years Australia’s central bank on May 3 lifted its benchmark interest rate for the first time in more than 11 […]
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