Stay updated with the latest news and articles about Economic Policy.
The SBV has also organized auctions of gold bars and directly sold gold to four state-owned commercial banks and SJC to meet rising demand from consumers. By coordinating with various ministries and local governments, the SBV aims to maintain public order and ensure the effectiveness of its intervention measures.
MIDF Research has maintained its 2024 headline CPI growth projection at 2.3%, supported by the moderate inflation rate of 1.8% recorded for the first eight months of the year. In comparison, last year's CPI increase was recorded at 2.5%.
Despite the uptick in inflation, private-sector economists anticipate that the Monetary Authority of Singapore (MAS) will maintain its current monetary policy stance at the upcoming meeting in October. This outlook stems from the belief that the central bank is likely to prioritize stability amid the evolving economic landscape.
India's increasing industrialisation and urbanisation have made it essential to concentrate on constructing strong highways. It is projected that these upcoming projects will boost economic activity in the logistics and construction industries and generate a significant number of job opportunities.
Ishiba's remarks were aimed at reassuring both domestic and international stakeholders that the LDP, under his purview, remains committed to supporting financial initiatives designed to encourage personal investment. The New NISA, which offers tax-free benefits for small-scale investments, has been a cornerstone of Japan’s strategy to stimulate personal savings and investment. Ishiba's statement signals a firm stance against any proposed modifications that could disrupt this framework.
The Cabinet Committee on Economic Affairs (CCEA) is scheduled to meet on August 2nd for shaping the country's fiscal and economic strategies.
The MAS's approach to maintaining tight monetary conditions is a direct response to the rising costs of imported goods, which have been exacerbated by global supply chain disruptions and fluctuating commodity prices.
The National Planning Council's data provides insights into the current trends in Qatar's construction sector. The increase in building permits is seen as a response to the government's initiatives to streamline the permitting process and encourage investment in infrastructure projects.
Japan’s top currency diplomat affirmed the nation's readiness to intervene in response to erratic currency fluctuations. This statement highlights Japan's commitment to stabilizing its currency amidst global economic uncertainties.
China's credit expansion poses a potential economic boost, yet careful management is essential to avoid deflationary risks associated with excess capacity and financial instability.