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20/07/2025
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Tag: Inflation

European Central Bank cuts key interest rate to 3.25%

17/10/2024 - Leave a Comment

The European Central Bank (ECB) has cut borrowing costs for the third time this year, lowering its benchmark interest rate from 3.5% to 3.25%. The decision to cut rates by a quarter …

European Central Bank cuts key interest rate to 3.25% Read More

Argentina’s poverty rate spikes in first 6 months of President Milei’s shock therapy

27/09/202407/11/2024 - Leave a Comment

BUENOS AIRES, Argentina (AP) — Argentina’s poverty rate jumped from almost 42% to 53% during the first six months of Javier Milei’ s presidency, the statistics agency reported Thursday, a steep rise …

Argentina’s poverty rate spikes in first 6 months of President Milei’s shock therapy Read More

How a currency devaluation in Kazakhstan made the country’s poor worse off

17/08/2024 - Leave a Comment

It is the job of the government to keep a country’s economy in check. But sometimes policies don’t work out as planned. Governments often take economic decisions that follow specific political …

How a currency devaluation in Kazakhstan made the country’s poor worse off Read More

Japan’s currency falls to its weakest since 1990 against the dollar as the yen keeps yelping

03/05/2024 - Leave a Comment

NEW YORK (AP) — Some of the world’s wildest action in financial markets is roiling around the Japanese yen. The value of Japan’s currency has tumbled so much that for …

Japan’s currency falls to its weakest since 1990 against the dollar as the yen keeps yelping Read More

UK solar power target for 2035 obliterated by inflated costs, government chaos, and gridlock

11/01/2024 - Leave a Comment

A perfect storm of inflation, supply chain disruption, spiralling interest rates, and delays in connection to the National Grid means that the swathe of solar power farms approved and going …

UK solar power target for 2035 obliterated by inflated costs, government chaos, and gridlock Read More

Sky-high inflation takes a toll on mental health in Argentina

22/12/2023 - Leave a Comment

Buenos Aires, Argentina – Psychologist Jesica Bianchiotti, 35, still remembers the days when most sessions with her patients began with a chat about the weather or the results of the latest …

Sky-high inflation takes a toll on mental health in Argentina Read More

Argentina’s Milei announces 50% currency devaluation and large cuts to public spending

15/12/2023 - Leave a Comment

Argentina’s new president, Javier Milei, on Tuesday announced an official devaluation of the peso of 50%, virtually turning on the chainsaw that he famously used at campaign events. The government …

Argentina’s Milei announces 50% currency devaluation and large cuts to public spending Read More

Nigerian workers’ wages diminish as inflation rises and gov’t revenue dips

23/11/2023 - Leave a Comment

Lagos, Nigeria – When Yusuf Mogaji joined Nigeria’s federal civil service as a non-teaching staff member at the University of Ilorin in 2015, he had dreams of building his own house. …

Nigerian workers’ wages diminish as inflation rises and gov’t revenue dips Read More

Rising poverty grips Argentina as runaway inflation takes its toll

28/09/2023 - Leave a Comment

BUENOS AIRES, Argentina (AP) — With tired faces, residents of a homeless shelter in Argentina’s capital pass through the main entrance and line up to receive a hot drink and …

Rising poverty grips Argentina as runaway inflation takes its toll Read More

The International Monetary Fund: ‘Dollarization is not a substitute for a sustainable fiscal policy’

08/09/2023 - Leave a Comment

Latin America is suffering the economic effects of the post-pandemic period, but Chilean Rodrigo Valdés, 56, the economist responsible for the Western Hemisphere Department of the International Monetary Fund (IMF), …

The International Monetary Fund: ‘Dollarization is not a substitute for a sustainable fiscal policy’ Read More

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