Philippine Inflation Quickens Further as Food Costs Soar
Mar 05 2021, 5:08 PM
March 05 2021, 6:49 AM
March 05 2021, 5:08 PM
(Bloomberg) Inflation in the Philippines continues to gather pace even as the economy struggles to pull itself out of recession, with the central bank wary of spillover effects from higher prices.
(Bloomberg) Inflation in the Philippines continues to gather pace even as the economy struggles to pull itself out of recession, with the central bank wary of spillover effects from higher prices.
Consumer prices rose 4.7% in February from a year earlier, the statistics agency reported Friday. Thatâs the fastest pace since December 2018, according to data compiled by Bloomberg, matching the median forecast in a survey of 21 analysts.
China s modest growth target signals policy shift from world
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Former presidential candidate John Delaney opens up about cope with large robotic SPAC
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Norwayâs Strongest Housing Market Since 2016 Stokes Rate Bets
Mar 03 2021, 7:53 PM
March 03 2021, 7:21 PM
March 03 2021, 7:53 PM
(Bloomberg) Norwayâs house prices reached the highest level in five years, adding pressure on the central bank to raise interest rates well before peers with a move as soon as the second half of 2021.
(Bloomberg) Norwayâs house prices reached the highest level in five years, adding pressure on the central bank to raise interest rates well before peers with a move as soon as the second half of 2021.
The cost of a home rose 1.3% this month from January, the biggest increase for a February since 2009, according to Real Estate Norway, Eiendomsverdi and Finn.no. Annual gains exceeding 10% in several areas, including a 15% jump in Oslo, signal the strongest market since 2016, said Henning Lauridsen, the chief executive officer of Real Estate Norway.
Australia Central Bank to Stick With Defense of Yield Target
Bloomberg 3/1/2021
(Bloomberg)
Australia’s central bank signaled it will not shirk from its yield target and quantitative easing programs designed to hold down borrowing costs and keep a lid on the currency. Yet, the bond market is proving resistant.
Reserve Bank Governor Philip Lowe and his board are likely to focus Tuesday’s meeting on their response to a global reflation trade that’s proving a major challenge for central banks. The RBA opted against further defense of its three-year yield target Monday, instead doubling the size of its typical longer-dated debt purchases.