Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – British households have lost about $750 (GBP 500) in the past 12 months, according to a study by the Institute for Fiscal Studies released on Friday. It is considered the largest drop in household income since 1981, and is equal to what households made [...]
Linda Young – AHN News Writer Moscow, Russian Federation (AHN) – Strong inflationary pressure that threatened to derail Russia’s feeble economic recovery prompted the central bank to raise its key interest rate by 0.25 basis points to 8.25 percent. The Russian Central Bank announced the increase in its refinancing rate on Friday and said it [...]
Vittorio Hernandez – AHN News Londfon, England, United Kingdom (AHN) – Britain’s Office for Budget Responsibility warned Thursday that Britons’ standard of living is expected to fall in the next two years as inflation eclipses expected salary hikes. Among the scenarios foreseen by the OBR is the consumer price index hitting 6 percent, which would [...]
IRIN Staff – IRIN IRIN Staff Ho Chi Minh City, Vietnam (IRIN) – Vietnam’s inflation rate is among Southeast Asia’s highest and its population is struggling to keep up with sharp increases in food, fuel and electricity prices. On 1 March the government increased electricity prices by a record 15 percent to an average 1,242 [...]
Vittorio Hernandez – AHN News Newcastle upon Tyne, England, United Kingdom (AHN) – Bank of England Governor Mervyn King warned Tuesday that Britain’s standard of living is plummeting fast. He made the warning following the report by the Office for National Statistics that the country’s gross domestic product logged a minus 0.5 percent growth rate [...]
Vittorio Hernandez – AHN News Sao Paulo, Brazil (AHN) – [[The Brazil Central Bank increased the key lending rate to 11.25 percent to curb inflation. The hike was by 50 basis points from 10.75 percent. Brazil followed the example of China, India, Poland and other countries in developing nations to slow down inflation rates and [...]
Financial experts are advising Britons to shift their investments from savings accounts to stocks. The advice came on the heels of official data that in November the inflation rate went up to 4.7 percent from 4.5 percent, outpacing interest rates offered by banks or building societies. View full post on Banking Stories
AHN News Staff London, England, United Kingdom (AHN) – Britain’s Office for Budget Responsibility warned Monday that the country’s inflation rate would likely outpace income growth over the next two years. The OBR forecasts 2011 inflation rate at 2.8 percent, while average earnings will rise by only 2.2 percent. The higher Consumer Price Index outlook [...]
It is almost impossible to stay out of debt, the high inflation rate and fulfilling day to day needs can be a cause that put you under pressure. At the end you might face credit crunch. Those who are suffering from bad credit status feel unfortunate, as they could not find any way to solve [...]
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