World Bank sees inflation threat to poor nations
Summary from multiple countries, from articles in English
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HARWICH - Allowing inflation and unemployment to rise in the short-term would be an "appropriate" response by policy makers to soaring oil prices, Donald L. Kohn said yesterday. (article 10)
Kohn, speaking here at a conference sponsored by the Boston Federal Reserve Bank, said that moving quickly to bring down inflation in the face of oil and commodity price shocks could produce a sharp increase in unemployment. (article 10)
The corporate bond market sprang to life on Wednesday amid soothing comments from central bankers over inflation and market expectations that interest rates would not rise as aggressively as feared. (article 3)
Shorter-dated bonds, the most sensitive to interest rate perceptions, were the big beneficiaries with the market pricing interest rate increases in Europe of 50 basis points by the end of the year, down from 75bp. (article 3)
Developing economies have proved resilient to credit market turmoil, but soaring food and energy prices pose a significant threat, says a World Bank study. (article 5)
Jean-Claude Trichet has warned of the possibility of a rate rise next month and explained on Monday that this was "entirely inspired by this necessity to anchor inflation expectations". (article 2)
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Other summaries about this story:
Event tracking:
Story keywords
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inflation, Fed, rate, Bank, prices |
Source articles
- ECB puts markets straight on rate rises (ft.com, 06/11/2008, 524 words)
- Markets brace for inflation crackdown (ft.com, 06/10/2008, 361 words)
- Corporate debt issuance on rise (ft.com, 06/11/2008, 344 words)
- Europe’s big test: why the euro will not help (ft.com, 06/11/2008, 932 words)
- World Bank sees inflation threat to poor nations (ft.com, 06/11/2008, 383 words)
- The end of interest rate cuts (cbc.ca, 06/10/2008, 813 words)
- Mortgage rates heading up (cbc.ca, 06/12/2008, 266 words)
- Dollar rises against the euro (Washington Post, 06/11/2008, 291 words)
- Bernanke's stern message received (money.cnn.com, 06/12/2008, 925 words)
- Trying to balance inflation, concerns over downturn (boston.com, 06/12/2008, 415 words)
- Fed: High energy, food prices keep economy weak (Washington Post, 06/11/2008, 442 words)
- Jun. 12, 2008 (money.cnn.com, 06/12/2008, 982 words)
- The new stagflation: an Asian export (ft.com, 06/12/2008, 936 words)
- Hold central bankers to account for high inflation (ft.com, 06/10/2008, 657 words)
- Two Options to Fight Off Inflation (Washington Post, 06/12/2008, 544 words)
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