Hawkish Fed wages war on inflation

By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were mixed on Thursday following a rally on Wall Street overnight as markets offered an initial positive reaction to the Federal Reserve’s

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November inflation rises to 4.3%

Inflation in Cyprus kept rising to 4.3% in November due to the sharp increase in the price of electricity and petroleum products. According to the Statistical Service, in November, the Consumer Price

Markets cautious ahead of busy week

By Hussein Sayed, Chief Market Strategist at Exinity Inflation risks, US Big Tech earnings, ongoing Delta ‘Plus’ Covid concerns, and the upcoming ECB meeting are all on investors’ radars this week. Stocks

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Government uneasy over price increases

Τhe government is concerned about the economic risks arising from price increases, but a spike in inflation is considered temporary, said Finance Minister Constantinos Petrides. The minister pointed out the need for

Energy prices keep inflation at 4.1%

In September, inflation in Cyprus remained relatively high as rising fuel and energy costs kept it at 4.1%, although lower than the 5% in August. Food and non-alcoholic beverage prices slowed while

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