Twin Cities Business Daily

Inflation News

Bank of Canada raises key interest rate a quarter point to one per centWednesday, September 8, 2010 @ 7:07AMThe Bank of Canada raised the trend-setting interest rate a quarter point to one per cent on Wednesday, even as it acknowledged that the country's economic growth will be more gradual than previously thought.

Money Supply Grows 10.2% in July – BSPWednesday, September 8, 2010 @ 7:06AMThe central bank reported that domestic liquidity or money supply (M3) grew by 10.2 percent in July to P3.91 trillion, slightly lower compared to June's 10.2 percent growth. The Bangko Sentral ng Pilipinas' (BSP) Department of Economic Research (DER) has noted to the Monetary Board last week that the level of liquidity was still in line with the economy's absorptive potential this year.

Power cuts to mills to hit iron ore demandWednesday, September 8, 2010 @ 7:05AMChinese demand for iron ore is expected to slump after Beijing's extraordinary move to cut power supply to its industrial heartlands.

Early September inflation goes up 0.2%Wednesday, September 8, 2010 @ 7:05AMRBC, 08.09.2010, Moscow 17:40:13. Russia's inflation amounted to 0.2 percent between August 31 and September 6, 2010, to 0.2 for the month-to-date, and to 5.6 percent since the beginning of the year, the Russian Federal Statistics Service (Rosstat) reported today.

Home buyers return to marketWednesday, September 8, 2010 @ 7:05AMHome buyers, lured by a steady interest rate outlook and cooling house-price growth, have been returning to the market, with demand for home loans picking up.