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Friday, December 9, 2022
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Inflation

Market Snapshot: Stocks mixed moves following rate hikes

The Bank of England (BoE) and US Federal Reserve raised their interest rates by 75 bps last week. European equities rose in value, whilst...

Rate hikes continue – ECB raises rates by 0.75%

The ECB raised its key policy rate by 75bps from 0.75% to 1.59%, reaching its highest level since 2009. The ECB also made changes to...

French workers strike to demand pay rises keep pace with inflation

Workers across France have gone on strike to push for pay rises that keep up with inflation following weeks of walkouts that have hit...

Central banks under stress as bond yields rise

The Bank of England (BoE) revealed measures taken to further ease the strain on pension funds. These decisions followed after increased pension fund stress...

Inflation in eurozone countries rises to record high of 8.9%

Inflation in the European countries using the euro climbed to another record in July pushed by higher energy prices driven partly by Russia’s war...

UN chief warns of ‘catastrophe’ due to global food shortage

The head of the United Nations has warned that the world faces “catastrophe” because of the growing shortage of food. UN Secretary-General Antonio Guterres said...

Average fuel price hits $5 a gallon in US

The average price for a gallon of petrol in America has topped 5 US dollars (£4.05) for the first time ever. Car club AAA said...

US inflation hit a new 40-year high last month of 8.6%

The prices of petrol, food and most other goods and services in the US jumped in May, raising US inflation to a new four-decade...

Eurozone inflation hits record 8.1% amid rising energy costs

Inflation in the 19 countries that use the euro currency hit a record 8.1 per cent in May amid surging energy costs prompted in...

Inflation reaches record level in euro zone as fuel prices surge

Inflation hit a new record in the euro zone as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household...

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