Russia’s central bank will consider raising the key interest rate to 100 basis points at its next meeting on December 17, Governor Elvira Nabiullina said, as inflation approaches forecasts. The Bank of Russia has raised the key interest rate six times this year, from a record low of 4.25%, as inflation is at a five-year […]
Tag: International financial news
Turkey: 7.4% economic growth in the third quarter
The Turkish economy grew at a rate of 7.4% year-on-year in the third quarter, according to the statistical service Turkstat, but the sharp fall in the pound amid concerns about persistently high inflation has now plunged the country into a monetary crisis. Growth in the quarter was supported by private consumption, which rose 9.1% year-on-year […]
China – Africa: Annual trade growth of 27.4% in January-October
Trade in goods between China and Africa rose 27.4 percent year on year to 1.34 trillion yuan ($ 209.7 billion) in January-October, according to data from China’s General Administration of Customs. The growth rate of imports exceeded exports in the ten months of January-October. Chinese exports to Africa reached 782.54 billion yuan during the same […]
Afghanistan: World Bank Considers Humanitarian Aid
The World Bank, which suspended aid to Afghanistan in late August after the Taliban seized power, now plans to divert humanitarian aid from the Special Fund for the Reconstruction of Asia, the World Bank said yesterday. in the French Agency source informed about it. The management of the institution “will discuss tomorrow (Tuesday) with the […]
Ratings: Omicron could hit global growth if it launches new wave of infections
The Omicron variant of the coronavirus that causes Covid-19 could hurt global growth prospects but also push up prices, according to rating agencies Fitch Ratings and Moody’s. “The Omicron variant poses risks to global growth and inflation, especially because it came at a time of already tense supply chain, high inflation and labor market shortages,” […]
Commission: The economic climate index in the eurozone has fallen, as expected
The economic climate in the eurozone worsened in November, according to estimates, as consumers became less optimistic and cut inflation expectations, although forecasts for sales prices in manufacturing were at record levels. The Commission’s economic climate index fell to 117.5 points in November from 118.6 points in October. The main reason for the decline was […]
Schnabel (ECB): Inflation in the eurozone peaked in November
The ECB estimates that inflation peaked in November, which means it would be premature to raise interest rates as price increases are likely to slow gradually over the next year, the board member said. of the ECB, Isabel Schnabel. Inflation will return to 2% next year, he told ZDF television, as supply problems and rising […]
Ifo: The percentage of companies reporting supply problems has increased
Problems in the supply chain affecting German industry intensified in November, with 74.4% of companies complaining about problems in the supply of inputs and raw materials, an increase of 4% since October. As the director of the German Ifo Institute, Klaus Wohlrabe, warned, these problems will affect prices. “Never before have so many companies said […]
Beijing is stepping up its lending support to private companies
Beijing has stepped up its lending support to the private sector, with new lending to private companies reaching five trillion yuan (about $ 782 billion) in January-October 2021, according to the Regulatory Commission. China for the Banking and Insurance Companies Sector (CBIRC). These amounts correspond to 53.5% of the total corporate loans for the same […]
Bitcoin: ‘Dive’ 7.5% in the shadow of the new coronavirus mutation
LAST UPDATE: 18:30 Bitcoin’s price fell 7.5% on Friday as worries about the new, potentially resistant coronavirus vaccine mutation have sparked concerns around the world and pushed investors to abandon the most risky assets in search of bond security. yen and the dollar. Specifically, at 18:30 Greek time, the largest cryptocurrency on the planet recorded […]
