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The central bank should target employment when deciding on interest rates, and worry less about inflation when the economy is struggling, a top Congress of South African Trade Unions (Cosatu) official said on Thursday. Head of policy Chris Malikane also...
Tags: Cosatu, South African Reserve Bank, central bank, Chris Malikane, printing money, target employment, million jobs, South Africa, Johannesburg, Central banks, Business Finance, Economic policy, Macroeconomics, Inflation, Inflation targeting, Real interest rate, Congress of South African Trade Unions, Monetary policy
CBK governor Prof Njuguna Ndung’u said by lowering the interest rates, banks will be supporting economic activities that will generate employment and contribute towards achievement of the country’s Vision 2030 goals. "The Central Bank has set the appropriate...
Tags: central banks, Stories CBK, lending rate, banks rate, lowering rate, Kenya, Nairobi, Prime rate, Interest, Business Finance, Inflation, Macroeconomics, Central bank, Inflation targeting, Monetary policy, Interest rate
China's ballooning stock market bubble, fuelled by excessive liquidity, is likely to burst in the first half of 2010, punctured by economic concerns arising from higher-than-expected inflation, Morgan Stanley Asia executive director Jerry Lou said on...
Tags: China, Shanghai, Financial crises, Revaluation, Business Finance, Macroeconomics, Inflation, Economic bubble
The Producer Price Index (PPI) continued to decline in October, Statistics South Africa said on Thursday. The Pretoria-based agency said October's PPI fell by 3,3% year-on-year from a decline of 3,7% year-on-year in September. From September 2009 to October...
Tags: PPI, South Africa, Cape Town, Price indices, Consumer price index, Economic indicators, Producer price index, Business Finance, Macroeconomics, Inflation, Recession, Price index
Thanksgiving dinner costs less this year than it did in 2008. The 24th annual American Farm Bureau Federation price survey shows that this year’s national average cost for a feast for 10 is $42.91, a $1.70 price decrease from last year’s average of $44.61.
Tags: pumpkins pie, Danville, Agriculture, Thanksgiving, Domestic turkey, Pumpkin, Food, Business Finance, Thanksgiving dinner, Inflation, Pumpkin pie
Money-supply growth in the 16-nation euro zone continued to slow in October, while loans to the private sector accelerated their decline from year-ago levels, the Frankfurt-based European Central Bank reported Thursday. M3 money supply, a broad measure...
Tags: private sector, United Kingdom, London, Business Finance, Money supply, Inflation, Central bank, Monetary policy, Euro, Subprime crisis impact timeline, Monetary economics
Carphone Warehouse said Friday that its first-half net profit totaled 20 million pounds, down from 574 million pounds a year ago. Last year's result included 591 million pounds of profit from discontinued operations. The company said that strong half-year...
Tags: million pounds, net profit, New York, Profit, Business Finance, Financial ratios, Guidance, Earnings per share, Inflation, The Carphone Warehouse, Nectar loyalty card, Pretax Group, Mitchells & Butlers
India's infrastructure sector output grew 3.5 per cent in October from a year earlier, slower than upwardly revised annual growth of 4.1 per cent in September, government data showed on Friday. During April-October, the first half of the 2009/10 fiscal...
Tags: food price, food inflation, price index, deeply concerned, India, Pranab Mukherjee, New Delhi, Business Finance, Technology Internet, Inflation, Cent, Monetary policy, United States dollar, Social Issues, Macroeconomics, Abraham Lincoln, Economic indicators, Index numbers, world food price crisis, Food processing, Economy of India, Politics, Food, Stagflation, Occupational safety and health, Inflation targeting, Ministry of Food Processing Industries, Wholesale price index, Numismatics, Mill, Food industry
The VNG has written to local councils urging them to increase property, waste services and water taxes as little as possible to help ease the effect of the recession. 'Our impression is that councils are being very prudent,' spokeswoman Frotina Zuidema...
Tags: local tax, Netherlands, Amsterdam, Local government, Inflation
Scotland will be will be kept below the rate of inflation until 2015 as consumers and businesses seek stability during the recession, the industry watchdog revealed today...The annual water and sewerage charge for a band D household remains unchanged...
Tags: Scotland, water bills, United Kingdom, Glasgow, Business Finance, Inflation, Scottish Water, Federal Reserve System