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Inflation accelerates to 26.2% in August following five months of cooling
The figures were attributed to energy price hikes that took place in July
War in Gaza and falling gas production continue to be thorns in economy’s side, says BMI report
The report estimates that foreigners hold around half of treasury bills, amounting to about 90% of FX reserves
CBE expected to keep interest rates unchanged when it meets on Thursday
All eight analysts and economists we surveyed see the MPC holding rates steady
Fed chief signals September rate cut as economic risks shift
US inflation fell under the 3% mark in July for the first time since March 2021
Global stocks record best week in nine months as US data calm recession fears
This comes as markets rebound from a “brutal” sell-off during the first week of August
Analysts are penciling in rate cuts after US inflation cools to lowest level in years
US inflation dropped to its lowest level in three years
Gov't considers raising income tax exemption threshold
The income tax exemption threshold could rise by 20-25% to match inflation rates
Inflation falls to lowest level since December 2022, recording of 25.7% in July
Monthly inflation fell to 0.4% in July from 1.6% the month before.
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