£6.6bn per year set to disappear from UK’s cash savings pot
With inflation hitting 1.2% and savings rate struggling to exceed 0.25%, British savers’ pots are shrinking by 1% per year...
Tag : inflation
Bank of England keeps interest rate unchanged
Makes no change to its bond buying programme...
US Fed hikes interest rate
The hike is only the second since 2008 IFM Correspondent December 15, 2016: Citing an improving economy, the US Federal Reserve raised its key interest rate on December 14 for the first time in 2016 by a quarter percentage point. In a statement after a two-day meeting, the Fed said policymakers unanimously agreed to lift...
UK troubled by inflation and weak pound
How inflation and a weak pound are beginning to take hold of the UK economy...
Inflation in Venezuela is expected to touch 700%
Many citizens can no longer afford to feed themselves leading to protests Marcus Turner Jones September 23, 2016: Venezuela remains in crisis, facing the largest demonstrations that the country has ever seen. The scale of the crisis has caused President Nicolas Maduro to declare a ‘constitutional state of emergency’, with rival pro and anti-government activists...
Bank of Japan keeps rate steady
Will target 10-year interest rate committing to keep it around zero IFM Correspondent September 21, 2016: Japan’s central bank issued a plethora of changes to its policy approach but kept rate steady. The Bank of Japan (BOJ) said it would start targeting 10-year interest rates, committing to keep them around zero as part of a...
Mexican inflation rate up, but stays below predictions
Independent survey says manufacturing sector witnessed moderate improvement in business conditions, reports Team IFM Mexico City, July 15, 2014: Mexico saw consumer prices rising moderately in June following two consecutive monthly declines from the preceding month, the increase driven primarily by jumps in processed food and services prices after the central bank cut interest rates...
China June inflation up, but in line with forecasts
HSBC survey shows factory output rising for the first time since January, reports Team IFM Beijing, July 14, 2014: Consumer price rise eased a tad in June in China compared to May, official data released on July 9 said, even as an independent survey of its manufacturing sector – a gauge of the economy’s health...
Phillips Curve Model
Phillips observed that one stable curve represents the trade-off between inflation and unemployment and they are inversely related. In other words, if unemployment decreases, inflation will increase and vice versa. 16th October 2013 The Phillips curve suggests there is an inverse relationship between inflation and unemployment, it is an ideal guide for policy makers (central...
The Most Powerful Central Banker in the World
Yellen, 67, presently the vice-chairwoman of the Board of Governors of the Federal Reserve System will be the first woman to head the central bank in its 100 year old history. 10th October 2013 At a time where women are taking over coveted positions in corporates and other sectors, the banking sector is no exception....