Posts Tagged ‘pressures’
South Korea holds interest rates despite rising inflation
South Korea’s central bank has today elected to hold interest rates for the second consecutive month despite rising inflation. The move surprised analysts who had forecast a 0.25% rise. The latest figures from Statistics Korea showed the consumer price index hit 4.2% in April on an annual basis. The rate is higher than the central [...]
UK inflation could hit 5% this year
According to the Bank of England, inflation could reach 5% later this year, driven higher by rising energy costs. Energy costs are rising due to the surge in crude oil on the back of the ongoing political unrest in North Africa and the Middle East. In its latest quarterly inflation report, the Bank said upward [...]
South Korea lifts inflation forecast
The Bank of Korea has lifted its inflation forecast for the 2011 year as food and oil prices rise. Inflationary pressures are rife in Asia and many central banks have opted to hike interest rates in an attempt to combat rising prices. The latest figures from Statistics Korea showed the consumer price index rose by [...]
South Korea lifts inflation forecast
The Bank of Korea has lifted its inflation forecast for the 2011 year as food and oil prices rise. Inflationary pressures are rife in Asia and many central banks have opted to hike interest rates in an attempt to combat rising prices. The latest figures from Statistics Korea showed the consumer price index rose by [...]