India Overhauls Monetary Policy With Inflation Target
MUMBAI — India’s central bank and the finance ministry have agreed, in the biggest change to monetary policy since opening up its economy more than two decades ago, to introduce…
Tag: inflation
Bank of England Expects Prices to Continue Falling in 2015
LONDON — The Bank of England expects consumer prices this year to continue to fall, with the possibility of inflation dipping into negative territory, the central bank said Thursday morning….
Speck of Interstellar Dust Obscures Glimpse of Big Bang
Scientists will have to wait a while longer to find out what kicked off the Big Bang. Last spring, a team of astronomers who go by the name of Bicep…
Fed Says It Will Be Patient in Raising Interest Rates, Citing ‘Solid’ Growth
WASHINGTON — In its most upbeat economic assessment since the recession, the Federal Reserve cited “solid” economic growth and “strong” job growth in a statement issued Wednesday that suggested the…
The $210 Million Baseball Contract That Explains How Inflation Works
Follow Us: Get the Upshot in your Inbox JAN. 21, 2015 – Fed officials have noted surveys of consumers and businesses that suggest somewhat higher inflation. So they have been…
Mortgages are cheap. Time to refinance
Rates are dropping because of low inflation, a strong U.S. dollar and lackluster housing demand over the holidays, Swonk says. Related: FHA to lower cost of mortgage insurance – Chicago…
Russian official calls for 10% spending cuts as revenue plummets
Speaking in Moscow, Siluanov said cuts are the only way to solve the crisis. He warned increased borrowing from the central bank could push the country into an “inflationary spiral.”…