S.Africa Central Bank Has Two New CPI Gauges. Both Are Elevated
The South African Reserve Bank has developed two new measures to better understand underlying price pressures and both currently show elevated readings.
The South African Reserve Bank has developed two new measures to better understand underlying price pressures and both currently show elevated readings.
The Bank of England’s interest-rate setters appeared increasingly divided about the timing of cuts in the benchmark lending rate, with Chief Economist Huw Pill joining a group of hawks in voicing caution about lingering inflation.
Sweden’s larger-than-expected inflation-rate drop is “good news,” and paves the way for strengthening the purchasing power at households, according to Riksbank Governor Erik Thedeen.
Two and a half years ago, Tesla Inc. was worth almost $1 trillion more than Toyota Motor Corp., the world’s second-most valuable automaker.
Cleveland-Cliffs Inc.’s top executives don’t see any takeover of United States Steel Corp. going ahead without the full support of the United Steelworkers union.
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