Tag Archives: Central Bank

Interesting Inflation News Links (May 06, 2009)

* Shop price inflation falls on slower food prices (James Thompson, The Independent Online)

Shop price inflation fell in April for the first time since the cut in VAT in December, as hefty non-food discounting at Easter, sharp price deflation at fashion and footwear retailers and the first slowdown in food prices this year gave customers a welcome boost.

* 1.7 million fewer pints drunk every day this year due to recession (Harry Wallop, Telegraph)

In the first three months of this year the equivalent of 1.67 billion pints of beer were drink in Britain a fall of 8.2 per cent, or 1.7 million pints a day on the first quarter of last year.

* New Study Accuses Bankruptcy Judges Of Routine Illegality (Nathan Koppel, Wall Street Journal)

Bankruptcy lawyers are fat and happy these days; that much we have documented. (Click here and here .)

* Hey, Hell’s Kitchen! Suck It! (Patrick Alan Coleman, Portland Mercury)

Ive been known to watch an episode or two of Hells Kitchen . Im not proud of it. But as the Bible says, Let those whove never suffered bad television judgment throw the first remote.

* China fears bond crisis as it slams quantitative easing (Ambrose Evans-Pritchard, Telegraph)

policy mistake made by some major central bank may bring inflation risks to the whole world,” said the People’s Central Bank in its quarterly report.

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Interesting Inflation News Links (February 25, 2009)

* Rail fare reduction: taxpayer will pay in the end (Times Online)

The one thing passengers have been able to rely upon since rail privatisation 13 years ago is that ticket prices always go up.

* Rail firms told to accept fare cuts (Dan Milmo, Guardian Unlimited)

The government is to boost recession-hit rail passengers by allowing fares to fall next year in a move that could force some train operators to hand back their franchises. The rail minister, Lord Adonis, has told train companies that he will not reverse a looming drop in ticket prices.

* Cheaper rail fares as operators told to slash prices (Matthew Moore, Telegraph)

The cost of rail travel has been rising faster than the rate of inflation but operators will today be told that fares must fall as the economy suffers.

* Inflation Fears Are Folly (Tom Sullivan, Wall Street Journal)

INFLATION, THE BANE OF FIXED-INCOME MARKETS , took a more prominent place on the bond market’s worry-list last week, and bond investors love to worry. But I, for one, am not feeling the love.

* Thinking anew on UK monetary policy (Martin Wolf, The Financial Times)

The Nice non-inflationary, consistently expansionary decade has gone. The next decade is going to be nasty. It is time to start learning lessons. Niceness proved a mistake.

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Interesting Inflation News Links (February 15, 2009)

* The US and Iran take over center stage (The Daily Star)

History is a stubborn companion to life and politics in the Middle East, so to understand what is happening in the region today you have to go back 30 years. One of the pivotal moments in modern Middle Eastern history was the 1977-1979 period, when three major developments occurred that still define, and sometimes plague, the region today. These were the Israeli election victory of the right-wi…

* Travel news in brief (Charles Starmer-Smith, Telegraph)

Trade unions have criticised plans by British Airways and BMI to freeze staff pay in response to the global downturn. Unite, which represents nearly half of all BA workers, is insisting on a pay rise of inflation plus two per cent, raising the prospect of industrial action.

* G7 central banks eye tools beyond rates (International Herald Tribune)

Desperate to pull their economies out of recession, Group of Seven central bankers meeting in Rome this weekend exchanged notes on what they can do once interest rates cannot go down any further.

* Fresh hope for end to falling prices after values rise in UK (The Irish Independent)

HOPES that plummeting house prices could soon bottom out grew last night after a slight rise in the value of UK properties was recorded.

* Schools not immune from bad economy (Banner-Graphic)

Everyone is aware of the bad economic cycle we are in. All of us are impacted as citizens and workers. Our schools are not immune from this either. We are looking at cutting $800,000 from our 2009-10 school year general fund budget. The governor has announced his proposal to flat line school budgets for 2010 and 2011. This means that our schools will be actually losing money. How can this be? I…

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South Africa cuts rates amid recession fears (The Financial Times)

Here is today’s story from The Financial Times on Benchmark Interest Rate.

South Africas central bank on Thursday cut its benchmark interest rate by 1 percentage point, amid fears that the economy is sliding into recession.

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