ECB vows to persist with negative rates in bid to fuel inflation
By Administrator_ India Capital Sands The European Central Bank revised its guidance on when interest rates might rise to convince investors it won’t withdraw support too hastily and derail the economic recovery. The move is aimed at strengthening the ECB’s long-running efforts to push up inflation, but it also means policymakers won’t necessarily react immediately if price […]
Petrol, diesel prices hiked across metros for second consecutive day
By Administrator_ India Capital Sands Prices of petrol and diesel were hiked for the second consecutive day on May 5 after a long hiatus. Petrol price in Delhi was hiked by 19 paise, taking it to Rs 90.74 per litre as compared to Rs 90.55 per litre on May 4. Diesel price in the national capital […]
UK inflation rises to 0.7% in March as clothing and fuel prices grow
By Administrator_ India Capital Sands British consumer price inflation rose to 0.7% in March from 0.4% in February, reflecting higher fuel and clothing prices, official figures showed on Wednesday, slightly below the average forecast of 0.8%. Food prices were lower than a year earlier. British inflation is forecast to rise sharply in the coming months, […]
Oil gains on hopes US pandemic stimulus payments to spur fuel demand
By Administration_ India Capital Sands Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand their pandemic aid payments and a final Brexit deal is set to stabilize trade between Europe and the UK. Brent crude futures climbed 36 cents, or 0.7%, […]