Now this is inflation
2009-10-17 12:49:00 Hello friends We are feeling the heat with inflation in the range of 7% just think about inflation of 100,000%. Yes i have added the right number of 0's. This is the level of inflation in Zimbabwe. 50mn Zimbabwean dollar = ...
Highest Ever Cost Inflation Index Notified For FY 2009-10!
2009-09-13 07:23:00 Highest ever Cost Inflation Index notified by Central Govt. The cost inflation index is used when you compute the long term capital gains on sale of a capital asset. Therefore, higher CII means, less taxable lng term gains. Read the notification below NOTIFICATION NO : 67/2009, Dated: September 9, 2009 In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, number S.O.709(E), dated the 20th August, 1998, namely :- In the said notification, in the Table, after serial number 28 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- ?29 2009-10 632? F.No.142/13/ 2009-TPL (Vijay Kumar Jaiswal) Under Secretary (TPL-IV) Complete list of Cost Inflation Index since 1981 is as under:
Inflation bet on BHP Billiton (BHP)
2009-08-07 06:00:00 "Longer-term, I have no doubt that a ruinous inflationary cycle is on the way," says Jim Powell. In Global Changes & Opportunities, he takes a look at BHP Billiton (NYSE: BHP)."Near-term, deflation is still the dominant condition. However, inflation will begin once the Fed’s $2 trillion finds its way into the economy. At that point, precious metals, most raw materials, strong foreign currencies, and other inflation hedges will pay off."Banks are currently hoarding the funds they are receiving from the Fed. That practice will end once the economic outlook improves and lenders feel it’s safe to make credit available again."When the vaults swing open, I think the flood of money will trigger the sharpest inflationary run-up we have ever seen."Deflation has gained so much momentum that I think it will continue – and probably get worse – for several months. "However, being unprepared for inflation (or a possible doll...
Inflation At The Consumer Level Rose By 0.7 Percent
2009-07-16 09:42:00 The market moved broadly higher at the open this morning as positive earnings reports outweighed lack lackluster economic data.The Commerce Department said inflation at the consumer level rose by 0.7 percent last month, slightly higher than the 0.6 percent increase that economists were expecting. It was the biggest one-month gain since a 0.7 percent increase last July. The big jump was seen as a temporary blip, however.Inflation is not expected to be a problem any time soon given a severe recession which is keeping a lid on wage pressures.The Federal Reserve reported production at the nation's factories, mines and utilities fell 0.4 percent last month as the recession crimped demand for a wide range of manufactured goods, including cars, machinery and household appliances. The decline, however, was not as bad as May.Industrial activity posted a revised 1.2 percent drop then, which turned out to be slightly worse than first reported.Oil prices rose to near $61 a barrel as investors ...
By: Rant About It
LINN Energy (LINN): 'Best in class' inflation hedge
2009-05-15 15:00:00 "As the global economy rebounds late this year or next year, demand for energy will rise again, sending prices of crude and natural gas higher," says growth and income expert Bryan Perry.In his top-notch The Cash Machine, he explains, "With energy assets cheap by historical standards right now, I want to increase our exposure to LINN Energy LLC (NASDAQ: LINE), a best-in-class inflation hedge.""Founded in 2003, LINN is an independent oil and gas Master Limited Partnership (MLP) that completed its initial public offering (IPO) in January 2006."The company focuses on the development and acquisition of long life properties, with its properties currently located in California and in the Mid West."At the end of 2008, the company reported that its proven reserves stand at 1,660 Bcfe, which is comprised of 51% natural gas, 31% oil and 18% natural gas liquids (NGL)."And LINN Energy noted that it 66% of its 6,716 productive wells were in operation. Aver...
Adens: Inflation and gold
2009-04-23 14:00:00 "The writing is on the wall; massive spending by the Federal Reserve, the government and other major central banks is certain to cause an unprecedented surge in gold in the years to come," say Mary Anne and Pamela Aden.In The Aden Forecast, the resource experts assess both the near term weakness in as well as their long term bullishness on gold."The Fed has literally pulled out all of the stops. It is not going to let the financial system fall apart, or the country fall into a depression, no matter what. "If that means bailing out nearly everyone and creating whatever amount of money it takes, then that’s what it’s going to do."In fact, the Fed is taking measures never seen before. It’s beyond unprecedented and the amounts of money involved are simply mind boggling. "By taking these dramatic actions, which dwarf anything seen in the past, the market seems to agree that it’s going to help the banks get out from und...
Inflation protection from Fidelity
2009-04-21 06:00:00 "Inflation protected bonds hold an interesting hybrid place in Fidelity's bond fund lineup," says Jim Lowell. In Fidelity Investor, he looks at Fidelity Inflation-Protected Bond Fund (FINPX)."When fear of recession (and fear while in recession) hold the upper hand, they behave more like longer-term Treasuries. "When fear of inflation rises, and long term Treasuries go into a tailspin, these bonds benefit from their inflation protected top spin.Right now, after the strongest general market rally since the Great Depression, things feel less gloomy (even though they still look relatively dicey)."But the mood of the market is itself a projection of the mood of the underlying investors in it; that mood has clearly changed from abject fear to tentative optimism in, at least, the possibility of and for stabilization of the economy and markets sometime this year."Because we're betwixt and between abject fear and tentative optimism, it makes sense to sti...
Re: Five Reasons for Economic Optimism
2009-04-02 11:01:00 I stumbled across an article in the March 16th issue of the TIME Magazine that brought up a couple of interesting points about the current economic situation in America. The author of the article, Justin Fox, talks about the good (or, at least, the fairly good) things that come out of any recession. Consequently, he ...
"Would you like a side of hyper-inflation with your job loss and reduced fa
2009-02-24 16:44:00 That is the question our government would be asking you if they were your waiter. While I was doing this morning’s mortgage market update, that thought came to mind as a great way to sarcastically explain the government’s actions thus far. With job losses mounting, the government claims they need to force through another stimulus package which creates more jobs, government jobs that is. And they did exactly that, well not exactly as the amount of jobs they actually will create versus what they claim will not equal each other, and it will be inversely proportional to how much the cost is. In simpler terms, they won’t create the promised amount of jobs and it will ultimately cost more than what they said. Also, history shows that growing the government is exactly opposite of what the government should be doing, at least in a capitalistic society. maybe the dessert selection will be socialism? I don’t think there are many out there ...
Darkcloud wrote a new blog post: Vainglory or ego-inflation
2009-01-20 22:45:00 Darkcloud wrote a new blog post: Vainglory or ego-inflation "In Evagrius's view, ego-inflation also makes the monk dream of becominga priest. While perhaps surprising today, at that time the priesthood was vested with such dignity that any monk would deem himself unworthy of such a grace. To desire ordination was the height of presumption. The antidote, according to Evagrius-we could still find this shocking-is knowledge. ...
Inflation - Worst Case Scenario
2009-01-14 12:07:00 About a year ago I wrote a tongue in cheek article about how inflation is inconvenient. At the time, I was a little disappointed that the price of an ice cold beverage at my workplace increased 25%. Actually, it wasn’t the price increase that bothered me so much as having to carry around quarters. I ...
By: Cash Money Life
Consumer Price Index Fell at Record Pace in November - Chart of the Day
2008-12-16 20:07:00 Original Post on The Sun's Financial Diary Consumer Price Index Fell at Record Pace in November - Chart of the Day Original Post on The Sun's Financial Diary Consumer Price Index Fell at Record Pace in November - Chart of the Day Stock prices are falling, house prices are falling, gas prices are falling. And when gas prices lost more than 60% in 5 months, we know we are going to get a break on inflation. After all, ...
Watch Out for Inflation in 2009
2008-12-13 14:08:00 This is a guest post by Simit Patel, a contributing analyst at InformedTrades.com, a site that offers free courses on trading the world’s financial markets. At the time of this writing — December, 2008 — the US economy is characterized by deflation. Deflation means the supply of money is falling, the value of currency is rising, ...
By: Cash Money Life
Gold & inflation: What's next?
2008-11-05 06:00:00 "Excesses in commodities have been thoroughly washed out of the system," says Curtis Hesler (http://www.thestockadvisors.co-m/ccount/click.php?id=2537) in The Professional Timing Service (http://www.thestockadvisors.co-m/ccount/click.php?id=2537). Here's his case for rising stocks, inflation and gold."The decline we have seen in commodities has been a consequence of deleveraging and the self-feeding process of liquidation brought on by highly leveraged institutions selling everything and anything to raise needed cash. "Once one sells down prices, another is compelled to follow suit. This has forced margin calls on institutions and individuals who then joined the fray. The result has been to see asset prices - both paper and tangible - decline. The real question is, what is next? "The Fed has created an amazing amount of money of late. All that money the Fed is creating will take a brief trip through the stock market, and we will see a rebound in the popular averages."I see the Do...
Aden sisters: Hyper-inflation or deflation?
2008-10-30 05:00:00 “There’s no question these are dangerous times and the financial world is in uncharted waters,” caution resource experts Mary Anne and Pamela Aden (http://www.thestockadvisors.co-m/ccount/click.php?id=2507).In- The Aden Forecast (http://www.thestockadvisors.co-m/ccount/click.php?id=2507), the sisters offer an exceptional in-depth discussion on inflationary vs. deflationary foreces, their outlook for precious metals, and their top gold and silver positions for long-term investors.“The global financial system is on very thin ice, teetering on collapse. Global central banks clearly are literally pulling out all the stops to revive lending and the world economy.“Will these efforts work? Will they be enough? Those are the most important unanswered questions of the day and only time will tell, but we should know much more in the critical month or so ahead. Why?“The Fed is spending money at an astronomical rate. It’s creating this money out of thin a...
Does Speed/distance indication on odometer change with tire inflation
2008-10-22 10:08:00 This is George Kottackakathu from India I am confronted with a postulation that based on the tire inflation levels the speed/ distance indication on the odometer changes by up to 10 % in the reading, is it true?. This is in regard to the discussion with the accuracy is calculating the spee
Systemic Inflation Running Rampart
2008-10-21 18:42:00 Today (Monday) marked what will become a very typical day in financial markets. The U.S. dollar, Oil, Gold, and stock markets were all up. Denmark joined the bailout game with their $13.4 billion capital infusion in the banking and insurance…
By: Jutia Group
Frank Holmes: ?When Inflation Erupts, Gold Will Take Off?
2008-10-21 17:47:00 The Gold Report Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher:…
By: Jutia Group
Inflation Cools as Economic Downturn Deepens
2008-10-17 19:16:00 Consumer prices held steady as the credit crisis took a toll on the sluggish U.S. economy and dampened inflation. The Labor Department announced yesterday (Thursday) that the Consumer Price Index (CPI) was unchanged in September after declining 0.1% in the prior…
By: Jutia Group
News Brief - Rent Increases Lag Inflation Rate
2008-10-17 00:46:00 The Consumer Price Index rose again last month by more than 5 percent. The CPI reflects rising energy and food costs, as well as stagnant wages. The rental component rose as well, but, as has the case for the past 10 months, it rose more slowly than the CPI as a whole.Source: Multi-Housing News
Mobile phones, Inflation and Press Freedom
2008-09-16 20:59:00 There are a number of interesting stories in the rounds today.Vodafone have gained the fixed line licence after winning the mobile licence several months ago. No-one seems to be very surprised, and in contrast to the first round only two companies actually bothered to bid against them. The company got the licence for a song too - they only paid QAR 10 million for the fixed licence, as opposed to QAR7.72 billion for the mobile licence.Surprisingly, Qtel do not seem to be too concerned - I hear from a friend that works there that the employees are more concerned with their inter-departmental football matches.Vodaphone, in the meantime, might do best financing their operations by borrowing in riyals. Despite the fall in the value of the dollar, which has been labelled by us as well as others as one of the main causes of rising prices, inflation has continued to grow and now stands at an incredible 16.59 percent. See Arabian Business for the full story.Those thinking of coming to Qatar ...
By: Qatar Visitor
Inflation: The Silent Earnings Killer
2008-08-26 16:07:00 Ask any economist what inflation means and he or she will likely tell you that it’s directly related to the growth of the money supply, also referred to as the “debasement” or devaluation of a given currency. In its earliest forms,…
By: Jutia Group
Inflation-adjusted gains: A good "TIP"
2008-08-26 07:00:00 "The latest annual rate of inflation measured from last July to this July was 5.6%, the largest annual gain since way back in January 1991," observes Alexander Green (http://www.thestockadvisors.co-m/ccount/click.php?id=2303).Her-e, the investment director for the industry-leading The Oxford Club (http://www.thestockadvisors.co-m/ccount/click.php?id=2303) suggests that investors consider the iShares Lehman TIPS Bond Fund (http://www.thestockadvisors.co-m/quote.htm?sym=tip) (ASE: TIP (http://www.thestockadvisors.co-m/quote.htm?sym=tip)), noting, "This is a great way to buy a diversified portfolio of inflation-adjusted Treasuries and track them quite easily.""The latest consumer price index figures were a bit of a shock; the annual rate of inflation measured from last July to this July was 5.6%, the largest annual gain since way back in January 1991."This report was especially noteworthy because it was double what economists were predicting (0.8% actual vs. 0.4% predicted). Despite these ...
Inflation vs. My Budget
2008-08-22 13:47:00 I'll be totally honest here: I haven't tracked my spending in months. Around last November I estimated a bare minimum for monthly spending. I was extra careful to stick to it in the following months. I'd turn down lunch invitations, get creative with meal preparation, watch for sales, and put off big ticket purchases. I got so good at it that I eventually stopped keeping track. That worked for a while because I had developed good habits. Maybe I go over here and there, but basically I was doing good. That was the beginning of a slow drift up. So, once again, I'm going to need to make a conscious effort to get back to sticking to the budget. I already have a template, this should be easy.One problem. Things cost more.My monthly rent has increased. My energy bills are higher this year, and somewhat out of my control (i.e. roommate). I'm noticing that I'm having a hard time getting the same types of food as I used to for $25/week. I used to skate by on free lunches fo...
By: Me vs Debt
Inflation
2008-08-21 15:30:00 Well for anyone (except apparently economists) it really shouldn?t come as a surprise that inflation in Canada is on the rise. The inflation rate in Canada is now sitting at approximately 3.4% versus 3.1% during the same period last year. Although 3.4% is quite manageable for most households it is the largest increase we?ve seen in the last five years. Here are the main culprits behind the rise:-gasoline up 28.6%-natural gas up 25%-food (avg) up 4.3%-bakery products up 13.2%-mortgage costs up 8.3%Note: Although our inflation is rising we are still a full 2 points lower than our U.S neighbours.
Inflation
2008-08-21 15:30:00 Well for anyone (except apparently economists) it really shouldn?t come as a surprise that inflation in Canada is on the rise. The inflation rate in Canada is now sitting at approximately 3.4% versus 3.1% during the same period last year. Although 3.4% is quite manageable for most households it is the largest increase we?ve seen in the last five years. Here are the main culprits behind the rise:-gasoline up 28.6%-natural gas up 25%-food (avg) up 4.3%-bakery products up 13.2%-mortgage costs up 8.3%Note: Although our inflation is rising we are still a full 2 points lower than our U.S neighbours.
Inflation and the Burgeoning Deficit
2008-08-04 15:24:00 -By Thomas E. Brewton How will the Fed handle it? The Wall Street Journal reports (U.S. to Ratchet Up Borrowing, July 31, 2008): With this fiscal year’s budget deficit expected to more than double from the previous year, the U.S. government plans to nearly quadruple its borrowing to $555 billion. The Federal Reserve’s dilemma is that opening the money-supply ...
By: Publius Forum
Indian Inflation Data to be released on Thursdays
2008-07-19 08:07:00 The Inflation data will be released on thursdays at 5 in the evening instead of the usual Friday midnoon. Why this sudden change and what impact will this have on the markets, one wonders. Probably, the Government is against the idea of releasing the inflation numbers during market trading hours since the inflation numbers have caused ...
Inflation Targeting: The Diverse Approach From China-India to US-Japan
2008-07-08 08:21:00 One set happens to be the sufferers, the other set happens to be the drivers of this global monster. 1st of all, market needs to take all the official reports of inflation with a pinch of salt. High reported inflation doesn?t necessarily mean real higher inflation in comparison to officially reported lower inflation figure coming from ...
Inflation goes to 8.75% a big issue
2008-06-13 09:07:00 New Delhi: India's inflation rate rose to 8.75 per cent for the week ended on May 31 from 8.24 per cent the week before, according to official data released here on Friday.The sharp rise in the inflation rate was for the week before the central government announced significant hikes in transport and cooking fuel prices. Analysts now fear the inflation rate may touch double digits, though the government has said it is trying its best to hold the price line.The official data showed an upward trend in prices of both food and non-food items in the week under review. The prices of food items rose 0.6 per cent and of non-food items 1.9 per cent.Within these major categories, mustard oil price showed a sharp rise of 6 per cent, oil cakes and cottonseed oil 3 per cent and groundnut oil 1 per cent. The prices of manufactured products went up 1 per cent. The prices of textiles went up 3.9 per cent and leather and leather products 1.3 per cent.The price of hardly any commodity showed a downwa...
By: India1
Viet Nam to Face `Turbulence' Until Inflation Slows, Fund Says
2008-06-10 13:40:00 Recent market ``turbulence'' in Viet Nam that has included rising bond yields, tumbling stocks, and a fluctuating currency is unlikely to ease until inflation slows, according to an investment fund focused on the country. Viet Nam's five-year local-currency bonds have faced ``continued selling pressure'' while the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Bonds Rise; Central Bank Raises Rates to Slow Inflation
2008-06-10 13:37:00 Bonds rose for a second day on speculation inflation will slow as the central bank increased interest rates to 14% today. Yields are near the highest since at least July 2006 after the Southeast Asian country posted inflation at the fastest in 16 years. The Vietnamese central bank today announced to increase the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Raises Key Rate to 14% to Rein in Inflation
2008-06-10 13:03:00 Viet Nam increased the benchmark interest rate for a third time this year to rein in the fastest inflation since at least 1992 and shore up confidence in the currency and stock markets. The State Bank of Viet Nam raised the base rate to 14% from 12% to stabilize the economy, according to a statement on the central... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Apartment Buildings Beat Inflation With Rising Rents
2008-06-09 20:57:00 It is no secret that inflation has reared its ugly head in the US and around the world. And it is easy to see its effects whenever you go to the gas station to fill up your car or to the grocery store to buy a loaf of bread. You can read the statistics: gas prices are above $4.00 while corn and wheat prices are touching record high in the futures markets. However, for the individual investor it can be difficult to gauge the devastating impact of inflation on his or her investment portfolio. Most investors have the bulk of their money invested in paper assets such as stocks, bonds and mutual funds. Paper assets as opposed to hard assets like gold or real estate usually fair the worst during inflationary periods. The reason for this is because while goods and services are rising in price there is a simultaneous drop in the value of the US Dollar and the price of securities or common stocks. Public companies tend to trim operations during inflationary and recessionary economies b...
Inflation and portfolio strategy
2008-06-09 01:37:00 With inflation at 9% or higher (depending on the numbers you believe), it may be too late to profit from the increase, but it makes sense to re-construct your portfolio to reduce the impact.My plan, which I detail in this post, is a mix3 Vote(s)
By: Market Buzz
What Do We Do With Inflation?
2008-06-08 10:02:00 In our last post I talked about how oil prices are rising largely because of speculation. We saw how violent the oil prices have been through last week. There are repo8 Vote(s)
By: Market Buzz
Indian Markets nosedive on fears of multiyear high inflation
2008-06-07 20:24:00 Fears of further spike in inflation to a multiyear high post today`s fuel price coupled with weak global markets created havoc on the bourses. The market witnessed choppy swings throughout the day. Stocks across the board were hammered brutally with all sectoral indices on BSE suffering losses.The market had witnessed a short lived recovery in early afternoon trade soon after the Cabinet Committee on Political Affairs (CCPA) approved the long awaited hike in fuel prices.The 30-share BSE Sensex tumbled 455.99 points or 2.86% at 15,506.57, as per provisional figures. Sensex gained 30.34 points at its high of 15992.90 hit in early trade. It lost 520.22 points at day`s low of 15,442.34, touched in late trade.The broader based S&P CNX Nifty was down 134 points or 2.84% at 4,581.90 as per provisional figures.The BSE Mid-Cap index down 2.31% to 6396.31 and BSE Small-Cap index down 2.04% to 7,721.87. Both these indices outperformed Sensex.In a crucial development, government today agreed to...
India Inflation Rate
2008-06-07 07:44:00 India`s inflation rate may be revised to 10 percent from the latest estimate of 7.82 percent as data for prices of different commodities is updated,... Click on Headline to read full Article..
RBI may hike CRR to rein in inflation
2008-06-06 21:40:00 Dear all, You can visit http://commodityoutlookindia.bl-ogspot.com/ With Regards
RBI may hike CRR to rein in inflation
2008-06-06 21:40:00 Dear all, You can visit http://commodityoutlookindia.bl-ogspot.com/ With Regards
INFLATION?S BACK: EMBRACE THE MADNESS
2008-06-06 18:14:00 Gas prices hit another record high. Soaring food prices ignite riots the world over. It should come as no surprise that a 71% increase in food prices since 2006 has the good citizens of South Africa, Morocco, Egypt, Ethiopia, Bangladesh and Mozambique up in arms. And if you thought things couldn’t get any worse, the Financial Times reported on Monday that U.S. mortgage rates soared last week amid a sharp rise in Treasury market yields. Make no mistake, inflation’s back. A Volker-like response may seem alarmist, even far-fetched, to many. However, investors are bracing for the Federal Reserve to raise rates…
By: Jutia Group
Inflation at 8.24 pct on May 24
2008-06-06 10:00:00 NEW DELHI (Reuters) - Indian inflation rose further above 8 percent in late May and is expected to keep climbing to a 13-year peak this month, which analysts said will prompt the Reserve Bank of India (RBI) to take action soon to try to ease price pr6 Vote(s)
By: Market Buzz
Investor, Know Thy Fed!
2008-06-05 21:33:00 Here’s a link to an interview we did on Vigilant Investor Live in 2006 with The Creature from Jekyll Island author, G. Edward Griffin. Now that we’ve seen the collapse get into high gear over the last ten months, its time to revisit the great game that goes on in Wall Street after every bubble bursts ...SHARETHIS.addEntry({ title: "Investor, Know Thy Fed!", url: "http://www.ernharth.com/vi/200-8/06/05/investor-know-thy-fed/"- });
BSE Sensex overcomes inflation concerns to climb 255 points
2008-06-05 16:56:00 The Bombay Stock Exchange (BSE) Sensex rallied on Thursday to rise 1.64 percent riding on strong market sentiment even as inflation pressures threatened to drag down the market.6 Vote(s)
By: Market Buzz
India Fuels Inflation by Bailing Out Refineries
2008-06-05 16:00:00 Soaring oil prices have forced Indian authorities to raise subsidized fuel prices and risk propelling inflation that is already running at a three-year high. The Indian government subsidizes most fuel costs, meaning state oil firms are forced to sell fuel at hugely discounted rates to shield consumers from inflation. But with the price of oil soaring to a recent high of $135 a barrel, refineries have been unable to cover costs and pressed to the point of bankruptcy. The inability to pass high prices onto consumers cost state-run refiners about $43 billion for the year ended March 31, Serangulam V.…
By: Jutia Group
Will Inflation touch 10% soon?
2008-06-05 13:40:00 New Document M a i l e r - CNBC .newshead{border-style:solid; FONT-SIZE:12px; COLOR:”#185597″; border-width:1px; } .submitbutn{COLOR:#FFFFFF; FONT-FAMILY:Arial; FONT-SIZE:11px; FONT-WEIGHT:bold;background-col-or:#6699FF; width:80px; height:22px;} .inpt{ border-style:solid; FONT-SIZE:12px; COLOR:”#185597″; border-width:1px;width=30px;} .text4 {font-family: Arial;font-size: 10px;background-color: #C8D9F9; border: 1 solid #FFFFFF; } .inputtext {border-style:solid;FONT-SIZE:1-2px;COLOR:”#185597″-;border-width:1px; width=110px;} .inpt1{ border-style:solid; FONT-SIZE:12px; COLOR:”#185597″; border-width:1px; width=45px;} Network - 18 ...
Indonesia Raises Key Rate as Asia Battles Inflation
2008-06-05 10:54:00 Indonesia's central bank increased its benchmark interest rate for a second straight month, as surging food and energy prices force policy makers across Asia to tackle inflation.Governor Boediono, in his first policy decision since taking over the post, raised the rate used as an indication for bill sales to 8.5 percent from 8.25 percent. Five of 17 economists in a Bloomberg News survey predicted the decision, announced by the central bank in Jakarta today. The other 12 expected a half-point rise.Bank Indonesia expects the rupiah to strengthen, which may also help slow inflation to a ``single-digit'' figure next year, Deputy Governor Budi Mulya said today.Financial services companies such as PT Bank Mega are preparing to raise lending rates, said Daniel Budirahaju, credit director at Bank Mega. ``Definitely we will raise rates because the cost of funds will increase,'' he said.Costlier wheat, soybean and oil pushed Indonesian inflation to 10.4 percent in May, the fastest in 20 ...
India needs an `inflation report'
2008-06-05 06:01:00 All countries experience shocks to inflation. The countries with badly structured monetary policy regimes are those where these shocks get embedded into the structure of expectations, where inflation is more persistent, where the economic cost 5 Vote(s)
By: Market Buzz
> Coping with this ongoing inflation and a food/oil crisis
2008-06-05 05:43:00 Only recently has the Congress led-UPA Government hiked the prices of essentials like petrol and diesel by Rs. 5 and Rs. 3 respectively. This, in turn, is likely to have a ‘not-so-negative’ impact on the overall economy. Whereas Inflation has now touched 8% level, the growth level has been sustained at around 7-8% too! Striking ...
Coping with this ongoing inflation and a food/oil crisis
2008-06-05 03:43:00 Only recently has the Congress led-UPA Government hiked the prices of essentials like petrol and diesel by Rs. 5 and Rs. 3 respectively. This, in turn, is likely to have a ‘not-so-negative’ impact on the overall economy. Whereas Inflation has now touched 8% level, the growth level has been sustained at around 7-8% too! Striking ... |
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