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Stories for November 1st 2022

• Tuesday, November 1st 2022 - 10:00 UTC

  Central banks and stubborn inflation, to Hike, Early to Thrive?

  

  By Andrés Velasco – Several central banks that began raising interests well before US and Euro-zone policymakers are still facing persistent inflation. But it was the right choice, because inflation was always likely to prove stubborn in today’s conditions, and waiting would have required even larger hikes later, with a heavier output cost.

• Tuesday, November 1st 2022 - 09:57 UTC

  Biden calls oil producers to lend a hand and share earnings

  

  US President Joseph Biden Monday urged oil producers to stop “war profiteering,” after record gains amid rampant inflation and global crisis.

• Tuesday, November 1st 2022 - 09:53 UTC

  Inflation forecast adjusted downward in Paraguay

  

  Paraguay's Central Bank lowered its inflation forecast for this year from 8.8% to 8.6%, it was reported Monday in Asunción. Meanwhile, Consumer Price Index (CPI) projections for 2023 remained unchanged from the BCP's previous outlook at 4.1%.