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The Fed targets an average annual inflation rate of 2% but, under its 2020 monetary policy framework, will tolerate a moderate overshoot to make up for past low inflation. The Fed…
Supply bottlenecks and higher energy prices have driven up prices. The OECD reported 4.6% annual inflation in September, and 18.9% for energy. In the EU, annual inflation reached…
INDIA: Rate hike is response to changing circumstances
Hungary’s financial and economic woes are deepening amid a second wave of COVID-19 infections, which is undermining business and consumer confidence, and threatening to derail the…
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DOI: 10.1108/OXAN-DB257096
ISSN: 2633-304X
Keywords
Geographic
Topical
Surging inflation across CE has coincided with a rapid worsening of current-account balances, particularly in Hungary, putting the region’s currencies under strain. It has…
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DOI: 10.1108/OXAN-DB265777
ISSN: 2633-304X
Keywords
Geographic
Topical
The bill forecasts a fall in the primary deficit next year, mainly due to an expected drop in COVID-19-related welfare payments. The government also aims to boost public works to…
This is the second devaluation of the naira in less than six months on the official foreign exchange (forex) market. The CBN has previously staved off a devaluation despite the…
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DOI: 10.1108/OXAN-DB255029
ISSN: 2633-304X
Keywords
Geographic
Topical
Transport and hospitality have been the hardest-hit sectors, posting plunges of more than 15 percentage points in July-September against the same period in 2019. Household…
President Jair Bolsonaro on February 19 announced the change on Twitter. There was major market turmoil, as investors interpreted it as a sign that Bolsonaro was abandoning the…
Prospects for Central America to end-2022.