Flooding in US will drive food prices

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The current flooding in the US Midwest, the heartland of corn, wheat and soybean production, as well as vegetable production will help to drive international and local food prices, and inflation higher. The cost of the damage in Iowa is

The current flooding in the US Midwest, the heartland of corn, wheat and soybean production, as well as vegetable production will help to drive international and local food prices, and inflation higher. The cost of the damage in Iowa is

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Higher debt service charges

The decision by Derick Latibeaudiere and his team at the central bank to hike all its benchmark rates by an average of 50 basis points last week will push the amount of money needed to service the country’s trillion dollar debt higher