INFLATION

S.Africa inflation risks skewed to upside: cbank

Central bank Governor Gill Marcus gestures as she addresses businesspeople in Soweto
South Africa's inflation risks are skewed to the upside, with cost-push pressures and the sharp depreciation of the rand posing the primary threats to the outlook, the Reserve Bank said on Tuesday.

Kenya almost-doubles inflation target to 9 pct

Kenya"s Central Bank Governor Njuguna Ndung"u speaks to Reuters
Kenya's central bank changed another key policy aim by almost-doubling this fiscal year's inflation target to 9 percent, just weeks after being driven to make a huge rate rise to combat soaring inflation and save the plunging shilling.
More news
Canadian dollar hits six-week high after strong data

Dollar pushed higher by inflation data

The dollar firmed to a session high against the U.S. currency on Friday after data showed Canada's October inflation rate came in higher than forecast, curbing market bets on an interest rate cut.
IBTimes Logo

Inflation eases but rate cut seen less likely

Canada's annual inflation rate moderated in October from a near three-year high in September but was still higher than expected, scaling back market bets for a central bank interest rate cut.
A machine counts and sorts out euro notes at the Belgian Central Bank in Brussels

Even Chance ECB will Start Printing Money: Reuters Poll

The European Central Bank could soon bow to pressure to print money to prevent a further escalation of the euro zone's debt crisis, with respondents in a Reuters poll giving an even probability the ECB would adopt a policy of quantitative easing.
IBTimes Logo

Euro zone Oct inflation 3 percent; seen falling

Euro zone inflation held at 3.0 percent for a second month in October, with economists saying it had likely peaked and would soon fall in a struggling economy, giving the European Central Bank room to cut interest rates and focus on growth.
IBTimes Logo

BoE slashes inflation, leaves door open to more QE

Britain is on the brink of a contraction as the euro crisis weighs heavy, and inflation w ill fall well below target, Bank of England forecasts showed on Wednesday, leaving the door wide open for more stimulus to boost growth.
Gill Marcus

S.Africa monetary policy to focus on inflation: Marcus

South Africa's monetary policy will maintain its focus on hitting a 3-6 percent inflation target over the medium term but will remain sensitive to the domestic economic situation, Reserve Bank Governor Gill Marcus said on Tuesday.
Truworths

Mr Price H1 profit up, to enter Nigeria

South Africa's third-biggest listed clothes retailer, Mr Price, reported a 22 percent rise in first-half profit as above-inflation wage increases and decades-low interest rates lift consumer spending in Africa's biggest economy.
A South African child holds a 50 rand note in a file photo.

S.Africa's rand firms, bonds weak on rates outlook

South Africa's government bonds were weaker on Friday as the market priced out the chance of a rate cut after a hawkish monetary policy statement while the rand jumped against the dollar as global sentiment turned pro-risk.
IBTimes Logo

China October bank loans rebound, more policy easing expected

Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of selective policy easing by the government to keep the world's second-largest economy on an even keel.
IBTimes Logo

China Oct bank loans rebound, more policy easing expected

Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of selective policy easing by the government to keep the world's second-largest economy on an even keel.
An employee seals a stack of yuan banknotes

China Bank Loans Rebound in October, More Policy Easing

Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of "selective" policy easing by the government to keep the world's second-largest economy on an even keel.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.