Bank of Japan keeps negative rate on hold, nudges Yen weaker
The BOJ maintained its -0.1% short-term rate and kept yield curve control parameters intact at the end of a two-day meeting, according to its statement Tuesday.
Source: moneycontrol.com
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Chart Beat: Global electronics manufacturing subdued in December, shows PMI
Factors such as a sluggish global economy, persistent inflation, and delayed projects were frequently mentioned as reasons for the weakened demand
Source: livemint.com
Hawkish BoE Holds Rate At 15-Year High
The Bank of England left its benchmark interest rate unchanged for the second straight meeting on Thursday as economic activity in the UK is projected to be weaker than previously estimated and the labor market showed signs of loosening, and the bank vowed to keep the policy restrictive for sufficiently long to bring inflation back to the target sustainably.
Source: rttnews.com
Mighty vegetables lead the fall in CPI but cereals inflation persistent
The prices of almost all vegetables, like tomatoes, green chillies, lady’s finger, beans, and lemons, which had led the dramatic rise in retail inflation earlier, have fallen now. However, prices of cereals, pulses, and spices have gone up.
Source: moneycontrol.com
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts | News, Sports, Jobs
FRANKFURT, Germany (AP) — The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and
Source: nashuatelegraph.com