Electricity rate rise by 4,000 won for a household of 4City bus fare from KRW 1,300 to KRW 1,700Gangneung raises water supply and sewage system, Jeongseon raises pay-as-you-go bags ◇Photo = Gangwon Ilbo DB Since the first day of the new year, public utility bills have risen one after another. Electricity rates per household rose … Read more
Monetary Policy Committee decided central bankMaintaining the overnight deposit and lending rates and the central bank’s main operation rate at 11.25%, 12.25% and 11.75%, respectively, and the credit and discount rate at 11.75%, and investment banks identified the three most important reasons behind Install interestWhich: 1- Despite the fact that the annual inflation rate for … Read more
St. Louis Federal Reserve President James Bullard said he became a big supporter of raising US interest rates by 75 basis points for the third time in a row during the bank’s meeting this month. Bullard added that the recent US jobs report that showed the strength of the US economy is the main support … Read more
01:40 PM Friday 02 September 2022 I wrote – Manal Al-Masry: Bankers, whom Masrawy spoke to, attributed the Central Bank’s refraining from re-issuing a high-yield certificate of 18% after the high rate of inflation (the pace of price increases) to the lack of economic feasibility from it. Bankers said that the current inflation in Egypt … Read more
The inflation rate in the United States rose to 9.1 percent in June, which increases the difficulties faced by American families and puts US President Joe Biden under more pressure as public support for him declines due to the continuous rise in prices. Government data released on Wednesday showed a sharper and faster-than-expected increase in … Read more
◀ anchor ▶ The government has announced that it will strengthen support for the vulnerable and lower food costs as a measure against high inflation. The plan is to lower the price by temporarily eliminating tariffs on seven items by the end of the year. Because beef is included in this duty-free item, Korean beef … Read more
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AA / Istanbul The U.S. Federal Reserve (Central Bank) is poised to step up the pace of interest rate hikes to rein in inflation, according to minutes from the Fed’s latest meeting earlier this week. month of May, and which was published this Wednesday. The minutes said the 10-member Fed Monetary Policy Committee was “strongly … Read more