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Jyotsna V


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The Bank of Thailand raised its key interest rate for the first time in over three-and-a-half years, on Wednesday, in line with economists' expectations. The Monetary Policy Committee voted 6 to 1 to raise the policy rate by a quarter basis point to 0.75 percent, the central bank said on its website....

eurozoneflag feb01 29jul22 Eurozone consumer price inflation accelerated further in July to set a new high as prices of food rose at a faster pace, while energy price growth remained high despite easing, raising the prospect of a bigger interest rate hike from the European Central Bank in September. Consumer price inflation...

Germany's consumer price inflation eased for a second month in a row in July amid an easing in energy price rise, preliminary figures from Destatis showed Thursday. The consumer price index rose 7.5 percent year-on-year after a 7.6 percent increase in June. Economists had forecast 7.4 percent inflation....

Spanish retail sales growth slowed further in June, driven by a slump in sales of household equipment, preliminary data from the statistical office INE showed Thursday. Retail sales grew a seasonally and calendar adjusted 1.0 percent year-on-year following a 1.3 percent increase in May. Economists...

Hungary's central bank hiked its interest rates further on Tuesday and signaled more tightening ahead, as policymakers try to rein in high inflation expectations amid slowing growth. The Monetary Council, led by Governor Gyorgy Matolcsy, lifted the base rate by 100 basis points to 10.75 percent,...

ecb 102418 21jul22 The European Central Bank raised its interest rates for the first time in over a decade on Thursday, by a bigger-than-expected 50 basis points, and unveiled an anti-fragmentation tool called the Transmission Protection Instrument, or TPI.

ecb 102418 20jul22 The European Central Bank is set to deliver the first hike in interest rates in 11 years on Thursday, and follow up with another such move in September, and may also provide guidance on the proposed anti-fragmentation tool. Economists widely expect the Governing Council to raise rates by 25 basis points, as the bank announced in June.

Euro area inflation accelerated as estimated in June to set a fresh record high, driven by higher energy and food prices, latest data from Eurostat confirmed Tuesday. Headline consumer price inflation surged to 8.6 percent from 8.1 percent in May. Core inflation, which excludes prices of energy,...

The UK economy is set to contract in the third quarter after expanding in the previous three months as high inflation hurt consumer demand, the National Institute of Economic and Social Research, or NIESR, said Wednesday. Gross domestic product is set to drop 0.1 percent in the third quarter after growing 0.2 percent in the three months to June, the think tank predicted.

Hungary's central bank raised its key interest rate massively on Tuesday and signaled more hikes as policymakers try to support the weakening forint and curb further acceleration in inflation. The Monetary Council, led by Governor Gyorgy Matolcsy, lifted the base rate by 200 basis points to 9.75 percent,...

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