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September 28, 2023
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Tag: Inflation

South Asia / SouthEastAsia/China

Sri Lanka registers a fall in its inflation rate to single digit in July

August 2, 2023August 2, 2023 - by cmedia

#Inflation, #SriLanka, #SriLankaInflation IBNS: Sri Lanka, the nation which fought a tough economic crisis in recent times, registered a fall in inflation rate as it reached the single-digit mark in July. The …

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South Asia / SouthEastAsia/China

Pakistan observing spike in inflation, touches 59 years figure

May 6, 2023May 6, 2023 - by cmedia

Islamabad/IBNS: Pakistan is witnessing a spike in inflation to touch a 59 years figure of 36.4 percent in April, a situation believed to be caused due to the government’s missteps …

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Canada / Finance/Business

Canada’s 2023 budget focuses on inflation, govt spending cuts, health, dental care, but leaves out housing

March 28, 2023March 28, 2023 - by cmedia

Ottawa/CMEDIA: A federal budget tabled by Finance Minister Chrystia Freeland on Tuesday addresses inflation, GST rebate for low-income Canadians, multi-billion-dollar tax credits to stimulate the clean energy sector, media reports …

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Canada / Finance/Business

Canada 2023 budget to balance investing in green energy, helping vulnerable, controlled spending

March 28, 2023March 28, 2023 - by cmedia

Toronto/CMEDIA: Canada’s Finance Minister Chrystia Freeland has warned Canadians that Tuesday’s budget will offer limited cost-of-living relief to the vulnerable and promote investements in green energy to address the U.S. Inflation Reduction …

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Finance/Business

US Federal Reserve has increased policy rate by 25 basis points

March 22, 2023March 22, 2023 - by cmedia

IBNS: The United States Federal Reserve has increased the policy rate by 25 basis points, resulting in a new range of 4.75% to 5%. The Federal Open Market Committee said …

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Finance/Business

UK’s new PM Rishi Sunak vows to confront ‘profound economic crisis’ amid 40-yr-high inflation

February 27, 2023February 27, 2023 - by cmedia

IBNS: Rishi Sunak, the former chancellor of the UK’s treasury has become the country’s Prime Minister after Liz Truss quit the role in just 45 days as 40-year-high inflation gripped …

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Finance/Business / Foreign

Bank of England hikes interest rate by 50 bps to 4 pc; warns of more hikes in future

February 2, 2023February 2, 2023 - by cmedia

London/IBNS: Bank of England raised interest rate by 50 basis points to 4 percent, the 10th increase since UK’s central bank started hiking in December 2021, bringing the key rate …

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Finance/Business / South Asia

Pakistan’s inflation spikes to a record high figure of 27.6 pct

February 1, 2023February 1, 2023 - by cmedia

Islamabad/IBNS: Pakistan’s annual inflation, measured by the Consumer Price Index (CPI), spiked to a decades-high level of 27.55 per cent in January, compared to 24.5pc in the previous month, media …

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Canada / Finance/Business

Bank of Canada increases policy interest rate by 25 basis points

January 26, 2023January 26, 2023 - by cmedia

Ottawa/CMEDIA: Benchmark interest rate has been raised by the Bank of Canada by 25 basis points to 4.5 percent. It is expected that the bank’s governing council would reportedly hold …

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Finance/Business

Cost of government is driving up cost of living: Pierre Poilievre

September 12, 2022September 12, 2022 - by cmedia

Conservative Leader Pierre Poilievre said Monday reportedly in his first speech to caucus since winning the party’s top job, that his focus will be on holding the government to account …

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