NAIROBI, April 3( Xinhua)--The Central Bank of Kenya on Wednesday decided to maintain its benchmark lending rate at 13 percent, despite a decrease in inflation. Kamau Thugge, the CBK governor who chaired the Monetary Policy Committee( MPC) meeting in Nairobi, the Kenyan capital, said that overall inflation decreased to 5.7 percent in March from 6.3 percent in February, primarily due to lower food and fuel inflation." The MPC concluded that the current monetary policy stance will ensure that over

Vegetable prices in India have already begun to soften and inflation in this segment is likely to decline from September, Reserve Bank of India( RBI) Governor Shaktikanta Das said in a speech on Wednesday.... Annual retail inflation in July rose 7.44%, its highest in 15 months, as vegetable and cereal prices skyrocketed.... The central bank remains firmly focused on aligning inflation to the Monetary Policy Committee's( MPC) mandated medium-term target of 4%, Das said....

India’s wholesale price index( WPI) based inflation rose to 2.37 per cent in December from 1.89 per cent in November due to the rise in prices of manufactured items and a low base effect, according to the government data released on Tuesday.... But, inflation in food items declined slightly to 8.47 per cent in December from 8.63 per cent in November.... Meanwhile, the country’s retail inflation rate, based on the consumer price index( CPI), fell slightly to a four-month low of 5.22 per cent in

TOKYO--Asian shares mostly fell Wednesday as worries about inflation set off expectations the U.S. Federal Reserve might move faster than anticipated to raise interest rates. Japan's Nikkei 225 dropped 1.6% to finish at 29, 302.66, following a national holiday Tuesday, as technology shares especially took a hit over the speculation about the Fed's moves.... The Labor Department will release its weekly report on unemployment benefits.... The Commerce Department releases data on third-quarter gr

A POSITIVE development for Pakistan’s upcoming general elections on Thursday is the declining influence of the Afghan Taliban as a source of inspiration for voters.... This starkly contrasts with the 2002 elections, where a pro-Taliban religious alliance secured record votes, particularly in Balochistan and KP.... However, initial indications suggest the Taliban’s appeal has diminished in Pakistan, although a deeper analysis is still needed. The upcoming elections in Pakistan are a crucial tes

Notice that the high inflation rate here had failed to nudge the central bank to take an accommodative stance.... Interestingly, as inflation started to decline, so did the OPR. Today, inflation is creeping up amid supply chain shortages, high global oil prices and a weakening ringgit.... Although many economies are experiencing decades-high inflation rates, we can expect inflation in Malaysia to remain relatively benign with the help of higher fiscal support.It appears that the relationship b

TOKYO: Bank of Japan( BoJ) policymakers see the need to maintain ultra-easy policy as inflation is rising only modestly and wage growth remains feeble, a summary of opinions from their October meeting showed yesterday. The nine-member board also sounded sanguine about recent yen declines, with one member saying it reflected the differentials in the inflation and monetary policy stances between Japan and other countries. Supply constraints and rising global commodity costs have pushed up inflatio

Join our Whatsapp channel ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index( SPI), slowed to 3.57 per cent year-on-year in the week ending Dec 5 owing to a bearish trend in vegetables and pulses. The SPI-based inflation decelerated for the past two consecutive weeks.... It declined by 0. 34pc from the previous week, official data showed on Friday. The slight downturn on a week-on-week basis is due to a decline in chicken, pulses and basmati rice prices....

PETALING JAYA: While some advanced economies are experiencing multi-year-high inflation amid supply chain disruptions and high fuel prices, Malaysia’s inflation should remain within range, supported by price control mechanisms and a balanced supply-demand dynamics. Nonetheless, economists expect the consumer price index( CPI) to trend higher in the first few months of the year to reflect higher food and fuel prices before easing lower. Malaysia’s inflation, as measured by the CPI, had increased

Join our Whatsapp channel ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index( SPI), slowed to 0.98 per cent year-on-year in the week ending Feb 13 owing to a decline in the prices of perishable food items. However, it disinflated by 0. 04pc week-on-week, according to official data, on Friday. The short-term inflation has slowed due to the higher base of last year.... Moreover, the prices remained higher for most of the products, excluding wheat flour. Edible oil manufacturer