Tag Archives: Inflation

WASHINGTON (AP) — As a substitute teacher in her mid-20s, Lindsey Puls was delighted to discover the fashion world of Shein more than 10 years ago, lured in by its super-low prices — with tops selling for a few dollars, dresses under $10, and free shipping on orders over $29. Puls, who has a blog called “Have Clothes, Will Travel,” …

ANKARA, Turkey (AP) — Turkey’s central bank left its key interest rate unchanged at 45% on Thursday, pausing a series of aggressive rate hikes aimed at taming high inflation. The central bank said it was keeping the benchmark one-week repo rate on hold, according to a statement. It was the bank’s first interest rate decision under its newly appointed governor, …

LONDON (AP) — Just like the U.S. Federal Reserve, the Bank of England is edging toward cutting interest rates — though not quite yet. The United Kingdom’s central bank kept its main interest rate at a near 16-year high of 5.25% on Thursday and indicated that borrowing costs have probably peaked. However, with inflation still too high for comfort, it …