Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Inflation

India raises interest rate to 5.4%, in 3rd hike since May

India’s central bank has raised its key interest rate by a half percentage point to 5.4% in its third such hike since May as it focuses on containing inflation

The Independent UK

The Bank of England predicts a lengthy recession at the end of the year

Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.

WEKU

Friday briefing: What the interest rate spike means for the country – and for you

In today’s newsletter: The biggest rate rise in nearly 30 years comes amid forecasts of economic decline. How bad might it be?

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Analysis-Global rice supplies at risk as harsh weather hits top exporters

Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce the output of the world's most important food staple and stoke food inflation that is already near record highs.

Reuters

APEC slashes growth forecasts on inflation, Ukraine risks

Intergovernmental forum forecasts 2.5 percent growth in 2022, down from 3.2 percent in May.

Al Jazeera

Headline inflation slows slightly in July as rate hike looms

Thailand's headline inflation rate slowed in July for the first time this year, helped by government support measures, but the pace was still near a 14-year high, reinforcing a view of an interest rate hike next week.

Bangkok Post

Loan EMIs to go up after RBI hikes rates by 50 basis points to 5.4%

NEW DELHI: Loan EMIs are set to rise, with the Reserve Bank of India on Friday hiking key repo rate by 50basis points (bps) to 5.4 per cent in a bid to tame inflation in the country and support growth.

The Times of India

Read news from The Economist, FT, and more,
with one subscription

Reserve Bank more pessimistic than government about when inflation will decline

Quarterly statement on monetary policy suggests RBA may need to hoist interest rates higher for longer

The Guardian - AU

Sinema says she will move forward with Senate Democrats' climate, health and tax bill

The Arizona senator said she will move forward with the Inflation Reduction Act after Democrats reached an agreement to remove a carried interest tax provision.

WEKU

Welsh retail footfall still below pre-pandemic levels as rising inflation knocks consumer confidence

The Welsh Retail Consortium has said the government needs to address the huge challenge facing the retail industry

Birmingham Post

‘The big squeeze’: what the papers say about Bank of England’s recession forecast

Bleak period of recession combined with rises in cost of living dominate the front pages, with plenty of horrifying graphics

The Guardian - AU

Enact historic bill to fight climate change to benefit America — and Illinois

More so than most other states, Illinois has projects on tap that are more than shovel-ready and primed for federal dollars.

Chicago Sun-Times

Senate will take up Democrats' tax, climate and health bill on Saturday, Schumer says

Senate Majority Leader Chuck Schumer has repeatedly said Democrats are on track to pass the Inflation Reduction Act in the coming days, but a few roadblocks still stand in the way.

WEKU

Poor parents 'priced out' of keeping kids fit as sports clothes prices soar

It comes as the Bank of England warned inflation will skyrocket to 13% by October. It will be the first time since records began in the 1960s that household incomes have fallen for two years in a row.

Daily Mirror

Get all your
news in one place.

100’s of premium titles.
One news app.

Daily Mirror

Britain heading for year-long recession - but PM and Chancellor nowhere to be seen

Prime Minister Boris Johnson is reportedly on honeymoon in Slovenia while Chancellor Nadhim Zahawi enjoys a family break while families around the country are worried about how they'll pay their bills

The Guardian - UK

Sunak scorns Truss’s claims that tax cuts can avert recession

Tory leadership rivals disagree on how to turn economy around and avoid predicted downturn in Sky news debate

Reuters

Sunak and Truss clash over recession warning in debate

British foreign minister Liz Truss clashed over the future of the economy with former finance minister Rishi Sunak on Thursday as the two contenders to be Britain's next prime minister debated the Bank of England's warnings of a long recession.

The Independent UK

Sunak accuses Truss of plans that would pour ‘fuel on the fire’ of recession

Rival insists shrinking economy is not ‘inevitable’

Get all your
news in one place.

100’s of premium titles.
One news app.

Daily Mirror

Rishi Sunak wins over Sky audience as he says public don't care about his bank account

Challenged over whether his wealth made him difficult for the public to relate to, Mr Sunak responded: "I think people judge people by their character rather than their bank account"

The Independent UK

Truss insists recession not inevitable as Sunak warns she will make things worse

Rishi Sunak warned pouring ‘fuel on the fire’ could create ‘misery for millions’ as he hit out at his Tory leadership rival’s plans.

The Independent UK

Biden, Republicans spar over impact of Dems' economic plan

Democrats call it the “Inflation Reduction Act.”

The Independent UK

Schumer announces Senate vote for major climate and healthcare bill on Saturday

The motion to proceed tees up the final vote for Democrats’ climate and health care.

The Hindu

Is the declining rupee a crisis or an opportunity?

There is an expectation of further depreciation, which can lead to further capital outflows

Miami Herald

The Week Ahead: Investors look ahead of today’s inflation as more rate hikes loom

It has been almost five months since the Federal Reserve turned its full attention and force of action toward fighting inflation. We may see if it’s having any material effect with the July inflation data released in the week ahead.

Benzinga

Bank Of England Raises Rates Again, Says UK Is Entering Recession: Will The US Fed Follow Suit?

The Bank of England has now raised rates at six consecutive meetings to try and combat the U.K.’s rampant inflation. Its interest rate now stands at 1.75%.

1 … 734 735 736 737

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Reserve Bank of India

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.