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TOKYO, Japan (AFP) — The Bank of Japan kept its ultra-loose monetary policy in place Thursday as inflation remains stubbornly low in the world’s third-biggest economy, bucking a trend of gradually tighter policy in major economies. The bank said it would purchase 10-year government bonds so that long-term interest rates would remain “at around zero percent.” The BoJ will also keep charging a negative interest rate on some accounts held by financial institutions at the […]
LONDON, United Kingdom (AFP) — Britain’s annual inflation rate accelerated in August, mainly on rising prices for motor fuels and clothing, official data showed on Tuesday, sending the pound to a year-high versus the dollar. The Consumer Prices Index (CPI) 12-month rate jumped to 2.9 percent in August compared to 2.6 percent in July, the Office for National Statistics said in a statement. “Rising prices for clothing and motor fuels were the main contributors to […]
Beijing, China (AFP) — China’s factory price inflation, a key barometer of the industrial sector, accelerated sharply in August, reflecting strong demand and a reduction in excess capacity which has plagued China’s economy. The producer price index (PPI), which measures costs for goods at the factory gate, rose 6.3 percent year on year in August, much faster than expected, official data showed Saturday. The pace of PPI expansion jumped from 5.5 percent registered in July, according to the […]
NEW YORK, United States (AFP) – The US central bank can continue to raise interest rates gradually, despite persistent low inflation that could suggest a fundamental change in the economy, a top Federal Reserve official said Thursday. New York Fed President William Dudley said while he has been surprised that inflation has remained stubbornly below the central bank’s two percent target even as the economy has grown steadily, that has not changed his basic […]
BEIJING, China (AFP) — Prices for goods at the factory gate in China rose at a slower pace than expected in April, the government said Wednesday, as commodity prices have fallen. The producer price index (PPI) rose 6.4 percent year-on-year in April, according to the National Bureau of Statistics (NBS), slightly lower than economists’ expectations of a 6.7 percent increase in a Bloomberg News survey. It slumped following a 7.6 percent gain in March — the […]
SYDNEY, Australia (AFP) — Australia’s central bank held interest rates at a record low 1.50 percent Tuesday after annual inflation moved back into its target range, as it treads water ahead of the federal budget next week. The Reserve Bank of Australia slashed 300 basis points from borrowing costs between November 2011 and August last year to support non-resources industries as the economy transitions out of a mining investment boom. It has remained on […]
BEIJING, China (AFP) — Prices for goods at the factory gate in China jumped in March, the government said Wednesday, in a positive sign of strengthening demand for the world’s second-largest economy. The producer price index (PPI) rose 7.6 percent year-on-year in March, according to the National Bureau of Statistics, slightly beating economists’ expectations of a 7.5 percent increase in a Bloomberg News survey. Factory gate inflation “has eased,” NBS analyst Sheng Guoqing said in […]
LONDON, United Kingdom (AFP) — British annual inflation jumped in February to the highest level in almost three and a half years, driven by increasing fuel costs, data showed Tuesday. The 12-month inflation rate hit 2.3 percent last month compared with 1.8 percent in January, the Office for National Statistics (ONS) said in a statement. Analysts’ consensus forecast had been for a pick-up to 2.1 percent. The February reading was the highest level since September […]
TOKYO, Japan (AFP) — Japanese consumer prices picked up in January for the first time in almost a year, official data showed Friday, halting a long string of declines as Tokyo struggles to put deflation in the rear view mirror. A nationwide consumer prices index, which excludes volatile costs of fresh food, rose 0.1 percent from a year earlier, the internal affairs ministry said. The rise was the first uptick in 11 months and ended […]
QUEZON City, Philippines – The Bangko Sentral ng Pilipinas forecasts an increase of 3.3% in the inflation rate in 2017 and an increase of 3% in the inflation rate in 2018. The higher inflation rate is due to the oil price hike in the world market.
MANILA, Feb. 7 — Slower price adjustments in both food and non-food items pulled down inflation to 1.3 percent in January 2016 from 1.5 percent in the previous month, according to the National Economic and Development Authority (NEDA). Inflation for the food subgroup slowed down as prices of fish, fruits, vegetables, milk, cheese, and eggs became stable. “Good weather conditions at the onset of 2016 allowed prices of these food items to stabilize. This was an […]
According to the latest survey conducted by Pulse Asia, 47% said that the Aquino government should tackle inflation while 46% said that it should prioritize the wages of the laborers. Both issues are the top national concerns of the Filipinos together with graft and corruption and creation of new jobs. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos) https://youtu.be/xR9LUA3MvYo
