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By Reuters Staff 7 Min Read March 12 (Reuters) - India’s retail inflation accelerated to a three-month high in February on higher fuel prices, which could challenge the central bank’s accommodative stance and record-low key policy rates adopted to boost the pandemic-hit economy. Annual retail inflation rose 5.03% in February, up from 4.06% in January, data released by the Ministry of Statistics showed on Friday. Analysts in a Reuters poll had predicted annual inflation of 4.83% for February. COMMENTARY RADHIKA RAO, ECONOMIST, DBS BANK, SINGAPORE “Improving growth expectations and firm c...

Headline consumer credit contracted in January and was extremely below expectations. Our analysis of the unadjusted data shows annual growth is now in contraction year-over-year. Analyst Opinion of the Consumer Credit Situation Student loan year-over-year growth rate declined and remains in an overall slowing trend. Not only does this data set suffer from backward revision (at times moderate to significant enough to change trends -, but the use of compounding (projecting monthly change as annual change) by the Federal Reserve to determine consumer credit growth rates exaggerates the volatilit...

British house price growth picked up unexpectedly last month, mortgage lender Nationwide said on Tuesday, defying expectations of a slowdown as finance minister Rishi Sunak readies new budget measures to boost the market.

British manufacturers reported their slowest output growth since May last month, hit by Brexit and COVID-19-related delays, and consumers cut back heavily on borrowing in January as they returned to lockdown.

3 Min Read LONDON (Reuters) - British manufacturers reported their slowest output growth since May last month, hit by Brexit and COVID-19-related delays, and consumers cut back heavily on borrowing in January as they returned to lockdown. FILE PHOTO: Workers assemble cars at the plant for the Mini range of cars in Cowley, near Oxford, Britain June 20, 2016. REUTERS/Leon Neal/Pool/File Photo Britain’s economy is set to shrink sharply in early 2021 though manufacturers are upbeat about prospects later in the year, when they expect lockdown restrictions to end. The speed of the recov...