Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Filed under inflation isn't dead everywhere: Savers who gripe about near-0% interest rates...

  • Wednesday, October 5, 2011, 2:34 PM ET
    Filed under inflation isn't dead everywhere: Savers who gripe about near-0% interest rates should remember that real interest rates (accounting for CPI) in the U.S. aren't nearly as bad as some parts of the world. Case in point: The Central Bank of Kenya upped its benchmark rate from 7% to 11% (.pdf), while the Bank of Uganda hiked rates to 20% from 16% (.pdf)  - both due to a runaway inflation.
Track new comments on this story

This news story has 1 comment:

  •  
    Let me see if I have this straight. The people of America...especially the responsible ones who have saved money and lived within their means...are supposed to feel *better* about this train wreck of an economy because the inflation rate here is lower than it is in Kenya and Uganda? Really? That's our positive spin for the day?

    Suggestion: stop writing these blurbs and drink more heavily.
    5 Oct 2011, 02:49 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Macro Articles
More Latest Articles »