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Turkish central bank raises inflation target
Summary from the United Kingdom, from articles in English
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Raise, cut or hold? It is a measure of the difficulties facing the British economy that the Bank of England could convincingly do any of these to interest rates today. (article 1)
The spectres of inflation on the one hand and a painful economic slowdown on the other suddenly look equally menacing, and equally probable. (article 1)
Yesterday we learnt that output from the services sector, the main engine of the British economy, is shrinking for the first time in five years. (article 1)
The Chancellor's upper estimate of 2.75 per cent for 2009 now looks, by OECD standards, like wishful thinking. (article 1)
The owners of B&Q, the hardware stores that thrive when people have the money to spruce up their kitchens and bathrooms but suffer when they put home improvment on hold, yesterday reported a slowdown in business so far this year. (article 1)
More importantly, they cautioned that things will get worse in the coming months, when the full impact of the housing market slowdown is felt. (article 1)
Every week another 27,000 UK households come off favourable home loan deals and abruptly find themselves paying significantly higher mortgage bills. (article 1)
For homeowners, the steady supply of happy pills provided by 15 years of consistently rising house prices has been rudely snatched away. (article 1)
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Event tracking:
Story keywords
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inflation, cent, Bank, Bernanke, rates |
Source articles
- Recession: it's right to be hawkish -Times Online (timesonline.co.uk, 06/05/2008, 646 words)
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blaster@cs.columbia.edu
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