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Additionally, higher crude oil prices and resurfacing of inflation risks, firming up of bond yields in the US, would have led some foreign investors to drift away from riskier markets in favour of greater certainty and better risk-reward profile offered by US treasuries, Srivastava said.
(Bloomberg) -- The Philippine central bank left its benchmark interest rate unchanged for a third straight meeting as the economy slowed while signaling that policy settings will remain tight amid inflation risks.Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGoldman Sachs Bla
The index does not reflect the reality where `housing' in the consumer price index (CPI) is up less than 5 percent when rentals in the metros have surged more than 12 to 15 percent. " We believe this has much to do with computational issues across the board – inflation in rented houses, owner-occupied houses, and government dwellings" said Pranjul Bhandari, Chief India and Indonesia Economist at HSBC.
Russia increases defense spending target to over $100 billion amid escalating war costs in Ukraine, putting strain on finances and widening budget deficit
The Australian dollar extended its recent weakness against other major currencies in the Asian session on Tuesday, after the release of data from the Chinese economy showing that growth in retail demand and production at a slower pace.