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Added on the 11/02/2021 13:00:00 - Copyright : EFE Inglés
Buenos Aires, Argentina Jun 16 (EFE)) (CAMERA: Alberto Caratozzolo) .- Inflation in Argentina lost some ground last May but continues at very high levels, with a worrying trend in food that has led the government to adopt measures to contain the escalation.
The Bank of England holds its interest rate at a 16-year high, insisting it was not yet the right time to cut with inflation staying high despite a fall to just above three percent. "That's encouraging. But we are not yet at a point where we can cut bank rates," he tells a press conference. IMAGES
Argentina's Chamber of Deputies debates a reform bill that ultra-liberal president Javier Milei is seeking to pass after withdrawing hundreds of articles from an ambitious earlier version that failed in parliament in February 2024. IMAGES
"My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power," US Federal Reserve Chair Jerome Powell says in Washington. SOUNDBITE
Eurozone inflation "dropped markedly" in September but is still expected to remain "too high for too long", European Central Bank President Christine Lagarde tells the press in Athens, whilst announcing that the ECB was holding interest rates steady. Policymakers had raised rates at each of their last 10 meetings as they sought to rein in soaring inflation driven in large part by surging energy prices in the wake of Russia's invasion of Ukraine. SOUNDBITE
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