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…
There was less encouraging news for core inflation, which strips out volatile items such as fuel and food…reports Asian Lite News The UK’s annual inflation rate fell sharply to 6.8%…
Overall take-home grocery sales rose by 6.5% in the four weeks to 6 August, down from 10.4% in the previous period…reports Asian Lite News Grocery price inflation has eased for…
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 inflation rate has dropped to single-digit levels in the month of July….reports Asian Lite News Sri Lanka finally witnessed a downfall in the inflation rate as it reached single-digit…
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…
The move, which exacerbated fears of a mortgage catastrophe, marked a divergence from other major central banks that have been able to either slow or pause interest rate hikes…reports Asian…
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…