This pickup in demand – along with rising prices – for such goods turned out to be an important factor in the Reserve Bank’s decision to raise interest rates, because it was concerned inflation was broadening.
Back in December, Kevin Warsh hinted how he may argue for lower interest rates ... In economics, if productivity is strong, then growth can run hot without stoking inflation — this means the Fed doesn’t have to step in with interest rate hikes.
Mr Blunkett, the education secretary between 1997 and 2001, branded the set-up “unfair and inequitable” and called for a “more sensible system” which abolished the “unacceptable” interest rate.
The Central Bank of Egypt (CBE) has announced a 100-basis-point reduction in its key policy interest rates, citing moderating inflationary pressures and evolving domestic and global economic conditions.
13 (Xinhua) -- The RussianCentral Bank cut its key interest rate for the sixth consecutive time by 0.5 percentage points to 15.5 percent annually on Friday.