Savings consists of the amount left over when the cost of a person’s consumer expenditure is subtracted from the amount of disposable income he earns in a given period of time, according to Keynesian economics, as quoted by Investopedia. The amount left over is sometimes left in the bank account over a period of time, … Read more
The US Federal Reserve on Wednesday made no change in the benchmark interest rate and downplayed recent weak economic growth, a signal it likely will remain on course for gradual rate hikes. The Fed’s policy-setting Federal Open Market Committee voted unanimously to keep the federal funds lending rate in a range of 0.75-1.0 percent, just … Read more
The Federal Reserve was set to open its two-day policy meeting on Tuesday amid signs of softening inflation which eases the pressure to raise interest rates, at least for now. The central bank is not expected to move the benchmark lending rate Wednesday from the current target range of 0.75 percent to one percent. Most … Read more
President Nana Akufo-Addo has stated that, his government is already putting in place measures to help the private sector flourish. “We have taken the important steps to create an enabling environment for the private sector to flourish and create jobs. We have reduced taxes, including taxes on kayayei, inflation is on the decline, interest rates … Read more
The US Federal Reserve’s preferred inflation measure fell in March, and a key component dropped for the first time in nearly 16 years, the Commerce Department reported Monday. It was another sign of soft prices as several measures of inflation have retreated in recent months, removing some of the pressure on central bankers to raise … Read more
British house prices have fallen for a second consecutive month, data from mortgage lender Nationwide showed on Friday. Nationwide said prices declined by a monthly 0.4 percent following a fall of 0.3 percent in March, which had been the first drop since mid-2015. The last time two successive months of falling house prices was reported … Read more
The year-on-year inflation from the Producer Price Index (PPI) for all industry rose to 6.0 per cent in March 2017, from the 5.4 per cent recorded in February, citing higher petroleum and gold prices. The rate shows a 0.6 percentage point increase relative to the rate recorded in February 2017. The figure is down sharply … Read more
Inflation in the eurozone accelerated in April, returning to the European Central Bank (ECB)’s target. Initial estimates from Eurostat showed inflation in the bloc hit 1.9%. That was up from 1.5% in March, but just below February’s four-year high of 2%. The ECB aims for an inflation rate of below, but close to, 2%. On … Read more
The year-on-year Producer Price Index (PPI) for March 2017 increased from 5.4 percent in February to 6 percent in March. Data from the Ghana Statistical Services (GSS) showed that the figure is 0.6 percent higher than the figure recorded in February while the monthly change rate for producer inflation was 1.4 percent in March 2017. … Read more
The Ghana Statistical Service (GSS) has announced that the Producer Price Inflation (PPI) which measures the average change over time in the prices by domestic producers of goods and services has increased to 6.0 percent for March, 2017. The rate represents a 0.6 percentage point increase in producer inflation relative to the rate recorded in … Read more
Australia’s annual inflation rate has moved back into the central bank’s target range for the first time in more than two years, data showed Wednesday, all but ruling out more interest rate cuts. Consumer prices rose 0.5 percent in the March quarter, taking the annual rate to 2.1 percent, the Australian Bureau of Statistics said. … Read more
After the Finance minister’s presentation on the national budget a few weeks ago, the most popular phrase you hear from the media commentators, economist, policy analyst, politicians, is that, government must be fiscally discipline or fiscally responsible. A lot of people share this conventional view and sometimes I ask people, what exactly they mean by … Read more
After the Finance minister’s presentation on the national budget a few weeks ago, the most popular phrase you hear from the media commentators, economist, policy analyst, politicians, is that, government must be fiscally discipline or fiscally responsible. A lot of people share this conventional view and sometimes I ask people, what exactly they mean by … Read more
As the global recovery has taken firmer hold, gradual US interest rate increases are unlikely to roil world markets or cause undue problems for policymakers, a top Federal Reserve official said Wednesday. And as the US central bank continues to raise the benchmark lending rate, it will be seen as a sign of confidence in … Read more
The stability of the local currency and the abolishing of ‘nuisance’ taxes by government are the main causes of the drop in inflation, Dr. Ebo Turkson, Senior Economist at the University of Ghana has said. Inflation dropped from 13.2 percent in February to 12.8 percent in March, a monthly change rate of 1.3 percent. “Most … Read more
US wholesale inflation fell slightly in March but the annual measure hit its fastest pace in five years, the Labor Department reported Thursday. While analysts had been expecting a monthly slowdown, the longer-term results reflected persistent upward pressures in the cost of goods, which can filter through to prices consumers pay. The Producer Price Index, … Read more
Inflation rate for March has declined to 12.8 per cent from the 13.2 per cent recorded in February. This rate is the lowest since December, 2013. This means prices of goods and services were fairly stable during the review period. The year-on-year non-food inflation rate for March 2017 was 15.6 per cent compared with the … Read more
The Ghana Statistical Service has told Citi Business News the Bank of Ghana’s single digit inflation target should be achieved if policies outlined in the 2017 budget impact on prices of goods and services. The Acting Government Statistician, Baah Wadieh explains to the monetary and fiscal policies that influence pricing would translate into a reduction … Read more
Inflation rate for March has declined to 12.8 percent from the 13.2 percent in February. This rate is the lowest since December 2013. This means prices of goods and services were fairly stable during the review period. The year-on-year non-food inflation rate for March 2017 was 15.6% compared with the16.4% recorded in February 2017. The … Read more
UK inflation held steady last month, as rising prices for food and clothing were offset by lower air fares. The Office for National Statistics (ONS) said inflation as measured by the Consumer Prices Index remained at 2.3%. The main downward effect on inflation last month came from air fares, which was down to the timing … Read more