Category: eightmonth
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UK Inflation Jumps to Eight-Month High Amid Fears of Stagflation
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Breadcrumb links BMN Business UK inflation rose to an eight-month high in November, raising fears that the economy will enter the new year burdened by so-called “stagflation” – anemic growth and high price rises. Article writer: Bloomberg News Irina Angel and Tom Rees Posted on December 18, 2024 • 2…
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Banks’ eight-month profit up 12pc to Sh181bn amid defaults
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Commercial banks recorded an 11.58 per cent increase in pre-tax profits to Sh181.1 billion in the first eight months of the year, defying an environment of rising loan defaults and low willingness to borrow. Central Bank of Kenya (CBK) data shows that January-August profits rose from Sh162.3 billion in the…
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Banks’ eight-month profit up 12pc to Sh181bn amid defaults
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Commercial banks recorded an 11.58 per cent increase in pre-tax profits to Sh181.1 billion in the first eight months of the year, defying an environment of rising loan defaults and low willingness to borrow. Central Bank of Kenya (CBK) data shows that January-August profits rose from Sh162.3 billion in the…