Trichet praises Eurozone watchdog

first_img Trichet praises Eurozone watchdog KCS-content whatsapp whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Share Europe’s new economic super-watchdog was talked up by European central bank president, Jean-Claude Trichet, yesterday. The European Systemic Risk Board (ESRB), of which Trichet is also president, will single out problems bubbling in individual countries if they pose a risk to the wider system, he said. The ESRB will flag emerging problems, he said, although the body is toothless to enforce its verdicts on individual states. And Trichet warned against the policy of forcing private sector investors to take on some losses from debt restructuring, a procedure known as “haircuts.” Policymakers should simply “apply the programme” of rescue packages, he said. “In the case of haircuts, the short-term investor makes money, the other loses.” Monday 7 February 2011 8:35 pm Tags: NULLlast_img read more

WHY DID INFLATION FALL, AND WILL THE DECLINE CONTINUE?

first_img Tags: NULL whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp THE EASTER EFFECTThis year we will have the latest Easter since 1996. Bank holiday Easter Monday falls on 25 April, while last year it was on 5 April. Prices in the run up to Easter tend to increase. “As is well known retailers tend to push up prices in the two weeks ahead of Easter (and other holidays), in order to institute the ostensible sharp discounts over holiday weekends,” said Marc Ostwald of Monument Securities. Last year’s Easter was close enough to March to affect its inflation figures, while this year’s Easter will primarily influence the April numbers. “The later timing of Easter compared to last year played a key role in this drop [in inflation],” added Vicky Redwood of Capital Economics.VALUE ADDED TAXJanuary’s 2.5 per cent rise in VAT increased prices by 0.76 per cent, the Office for National Statistics (ONS) said yesterday. While this was far more than last year’s “pass-through” of 0.4 per cent, a change in the way the ONS weighs some sectors in its statistics affected the change. From next January the VAT effect falls out of the year-on-year statistics. The pass through was higher than expected, offering some comfort to inflation doves, yet Henderson’s Simon Ward warns otherwise. “This blows apart the claim that inflation would be close to the target but for the VAT hike, based on the misleading ‘CPI at constant tax rates’ measure, which assumes that tax changes are passed on in full,” Ward said. OTHER TAXES AND DUTIESSome new duties introduced by chancellor George Osborne came into effect on 23 March. These were not counted by the March figures, however, as the Office for National Statistics bases much of its data on one “index day” during the month. Last month this was 15 March – before the extra duties came into effect. The duties will therefore be counted in next month’s inflation figures. However, last April there was also a 0.6 per cent monthly increase in prices, attributed to some extra duties in the final Labour budget – so the annual rate of inflation may not be boosted so much this month. Duties typically bolstered by chancellors are on alcohol and tobacco. KCS-content Share WHY DID INFLATION FALL, AND WILL THE DECLINE CONTINUE? Show Comments ▼ Tuesday 12 April 2011 8:33 pm last_img read more