Inflation

    • Bank of England keeps stimulus despite inflation woes

      Bank of England keeps stimulus despite inflation woes

      The UK central bank vowed to keep its stimulus measures in place despite mounting arguments linked to an increase of consumer prices across Britain. Earlier two BoE board members - Deputy Governor Dave Ramsden and Michael Saunders called for the end of the 900bn pounds worth bonds buying scheme but their arguments were dismissed, Reuters elaborated.

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    • ECB sets 2% inflation target

      ECB sets 2% inflation target

      The European Central Bank announced it had set a new inflation target following an18-month strategy review. The new target is set at 2%. This is a retreat from the bank's current policy which targeted to keep rates below that level.

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    • Eurozone CPI inches down on expected autumn surge

      Eurozone CPI inches down on expected autumn surge

      The consumer prices in the Eurozone inched down to 1.9% in June after leveling the ECB limit of 2% in May, Reuters reported. The June figures matched the expectations of ECB which further foresee a rise in the consumed prices in the autumn driven by higher costs of commodities and raw materials.

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    • Revenge spending drives EU out of Covid-19 slump

      Revenge spending drives EU out of Covid-19 slump

      The pandemic is slowly cooling off with vaccine roll-out gaining pace in most industrial countries. Now the world is ready to retaliate to the virus with the most powerful weapon - money. And we are not simply talking money, we are talking all-time high cash volumes slated to be spent. The total volume of stimulus packages totals the unthinkable $29 trillion.

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    • Energy, services spur Eurozone inflation

      Energy, services spur Eurozone inflation

      Robust growth in energy prices and a surge in costs of services have contributed for a sharp rise in consumer prices in the Eurozone, Reuters reported. The May data has exceeded the forecast of the European Central Bank. The statistics office of the European Union Eurostat confirmed that inflation in the 19 countries sharing the euro was up 0.3% compared to the previous month to reach a 2.0% year-on-year increase. The ECB wants to keep inflation below to 2%.

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    • Switzerland keeps stimulus amid inflation woes

      Switzerland keeps stimulus amid inflation woes

      The Swiss national bank (SNB) announced it would keep ultra low interest rates although pick-up of post-pandemic demand increases the inflation pressure, Reuters reported. The monetary policy of the bank is in line with the approach of the Swiss government to ease the impact of the slowdown of economy, caused by the Covid-19 lockdown.

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    • UK inflation spikes above BoE forecast

      UK inflation spikes above BoE forecast

      The inflation in the UK surged by 2.1 percent in May, topping the expectations of the Bank of England, Reuters reported. The increase of consumer prices was fueled by post-pandemic surge in demand for consumer goods. The May CPI rise comes on top of April's 1.5% increase. The figures proved that it was the first time inflation has gone above the BoE's 2% target in almost two years. Economic analysts had expected inflation in UK to accelerate by 1.8.

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    • Eurozone inflation surges as economies restart

      Eurozone inflation surges as economies restart

      Inflation of the Eurozone surged last month to 2%, BBC reported. Soaring prices were largely attributed to the lifting of pandemic lockdowns in most European countries which spurred end-consumer demand. Prices were also pushed higher by a very strong rise in energy prices from a year ago and put inflation at its highest level since October 2018, ECB said.

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    • UK retail sales spike as most shops reopen

      UK retail sales spike as most shops reopen

      UK clients stormed retail traders as shops started reopening in April, BBC reported. The retail trade sector reported a rapid surge in spending on clothes and non-essential goods, the UK Office for National Statistics (ONS) said. Retail sales jumped 9.2% in April, with sales of clothing soaring by nearly 70% compared with March.

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    • Germany eyes higher inflation as producer prices soar

      Germany eyes higher inflation as producer prices soar

      The producer prices in Germany posted a rapid 5.2% year-on-year growth in April, Reuters reported. This is the fastest pace of producer price surge in nearly 10 years. Soaring PPI increases the inflation pressure over the largest EU economy. The rise in producer prices followed a 3.7% year-on-year increase in PPI in March. Compared to the previous month, producer prices were up 0.8% in April, the federal statistics office said.

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