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Iran inflation rises to 17.3pcIran's inflation rate in the month to August 22 rose to 17.3 from 16.3 per cent a month earlier, the semi-official Fars news agency reported on Monday, quoting the country's Central Bank Governor Mahmoud Bahmani. 'The year-on-y More… |
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StanChart backs call to drop dollar pegStandard Chartered Bank has backed a suggestion by Dubai International Financial Centre (DIFC) that GCC countries should drop their currency peg and tackle inflation. DIFC made its suggestions in a report on progress towards GCC monetary u More… |
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Qatar Steel extends price freezeState-controlled Industries Qatar said on Sunday it would extend a freeze on steel prices until the end of September as the Gulf state battles near-record inflation by tightening price controls. Qatar Steel, a unit of Industries Qatar, wil More… |
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India inflation hits 10-month highIndia's inflation rate crossed five per cent to hit a 10-month high as fruit, fish and other food prices rose, according to official data yesterday, reducing chances of an early interest rate cut. Inflation climbed more than a tenth of a More… |
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US economy 'set to slow'The US economy will lose steam in the second half of this year, but inflation should remain just high enough to make the Federal Reserve reticent about cutting interest rates, according to a Reuters poll. At the same time, concern over tig More… |
