High inflation to last longer than forecast
Thursday, December 02, 2021 | 2490 Views |
The central bank made the adjustment earlier today when announcing that the bank rate would be maintained at 3.75 percent. The bank rate is the benchmark rate for all interest rates in the market and any adjustment affects both borrowers and depositors.
Inflation has been trending at nine-year highs since June, peaking at 8.9 percent in July, then settling at 8.8 percent in October. The higher inflation has been driven by increases in Value Added Tax and other administered prices this year.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...