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Indonesia’s 2022 unaudited budget deficit at 2.38% of GDP -Finance Minister

Indonesia’s 2022 unaudited budget deficit at 2.38% of GDP -Finance Minister

© Reuters. FILE PHOTO: Indonesia’s Finance Minister Sri Mulyani Indrawati speaks during a side event on the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 14 July 2022. Made Nagi/Pool via REUTERS By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia recorded a 464.3 trillion rupiah ($29.77 billion)fiscal deficit…

ECB must stop quick wage growth from fuelling inflation, Lagarde says

ECB must stop quick wage growth from fuelling inflation, Lagarde says

© Reuters. FILE PHOTO: President of European Central Bank Christine Lagarde arrives for a meeting with Cypriot President Nicos Anastasiades at the Presidential Palace in Nicosia, Cyprus March 30, 2022. REUTERS/Yiannis Kourtoglou FRANKFURT (Reuters) – Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to…

Russia could hike rates in 2023 if inflation risks have big impact -cenbank

Russia could hike rates in 2023 if inflation risks have big impact -cenbank

© Reuters. FILE PHOTO: National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. REUTERS/Maxim Shemetov MOSCOW (Reuters) – The Bank of Russia could raise interest rates in 2023 if inflationary risks such as labour shortages and import restrictions have a meaningful impact, Deputy Governor Alexei Zabotkin told the RBC…

Sanctions to help cut Belarus GDP by 4% in 2022, says PM

Sanctions to help cut Belarus GDP by 4% in 2022, says PM

© Reuters. FILE PHOTO: Belarusian Prime Minister Roman Golovchenko attends a meeting with Russian Prime Minister Mikhail Mishustin in Moscow, Russia March 14, 2022. Sputnik/Alexander Astafyev/Pool via REUTERS (Reuters) – The economy of Belarus is expected to shrink by 4% in 2022 after western nations imposed punitive measures, much less than some had forecast, Interfax…