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Sri Lanka cuts interest rates for the first time in three years

02 Jun 2023

In a sign of confidence that the worst of Sri Lanka’s financial crisis is over, its central bank surprised markets by cutting interest rates for the first time in three...

Pakistan posts record inflation for second consecutive month

02 Jun 2023

Pakistan's annual inflation rate rose to 37.97% in May, the statistics bureau said on Thursday, setting a national record for the second month in a row, adding to its...

Pakistan inflation rockets to record 37.97 per cent

01 Jun 2023

Pakistan’s year-on-year inflation hit a record 37.97 per cent in May, official data revealed on Thursday, with the nation on the brink of economic collapse and crucial bailout talks stalled....

Inflation dips in Germany, jobless rises less than expected in May

31 May 2023

Inflation eased in five economically important German states in the month of May, preliminary data showed on Wednesday, suggesting that national price rises are set to slow to their lowest...

Britain’s inflation falls by less than expected, heaping pressure on BoE

24 May 2023

Britain’s stubbornly high inflation rate fell by less than expected last month and a closely watched measure of core price rises surged to a 31-year high, according to official data...

Sri Lanka’s inflation dips to 33.6%

22 May 2023

Sri Lanka’s National Consumer Price Index (NCPI) inflation eased to 33.6 per cent year-on-year in April, after a 49.2 per cent rise in March, the statistics department said on Monday....

Pakistanis’ misery worsens as inflation surges to record high

03 May 2023

Amid the unceasing political and economic turmoil in Pakistan that continues to make the lives of citizens miserable, monthly inflation has soared to an all-time high, data released by...

UK inflation expectations ease as BoE considers next rate hike

01 May 2023

Inflation expectations in Britain eased in April, bank Citi said on Monday, offering some relief to the Bank of England (BoE) which is expected to announce a 12th straight interest...

Ireland urges ECB to be cautious on rate hikes

29 Apr 2023

Ireland called on the European Central Bank on Saturday to temper interest rate rises ahead of a decision next week, citing their “real-life” impact on ordinary people. The ECB has...

Major New Zealand drive to fight inflation

29 Apr 2023

Most countries, big and small, rich and not-so-rich, feel the need to cut government expenditure after the COVID-19 interruption followed by extreme weather conditions which caused extensive destruction. New Zealand...

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