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In an attempt to temper demand, the Government restricted credit this week.
Construction levels are about 75 percent lower than their highs in 2006, prices are deteriorating in many cities and high unemployment will probably continue to temper demand.
Both BP and Shell, for example, reported recently that they produced less oil in the third quarter of this year than they did in the same period last year.A price this high should also temper demand for oil.
But there is another way of looking at this stability; prices have remained relatively high in order to temper demand growth and keep it in line with available supply growth.
Economists said the Fed was likely to raise rates by at least another half a percentage point in coming months, hoping to temper demand by making borrowing more expensive and taking some steam out of the stock market.
Rural consumers, who are doing well and are often outside the formal financial system, are shifting to richer diets, pushing up food prices.That leaves the RBI with a lousy option, to temper demand by disproportionately hitting the narrow range of activity that is sensitive to interest rates, in particular private-sector investment.
Similar(53)
Yet solutions seem to be what our national temper demands.
Myners, famed for an explosive temper, demanded to see all previous versions with changes marked.
The investigation's strong conclusions -- and its recommendations for disciplining the crew and, less severely, some of its supervisors -- could ease the strain in relations and temper demands for justice in Italy.
The euro area will also slow, tempering demand in the market that purchases almost a half.
Another reason for the relatively stable prices: Power outages and flooding tempered demand for gas in the Gulf region.
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