The Bank of England raised interest rates for the fifth time in a row on Thursday in an effort to contain rising inflation. The Monetary Policy Committee voted 6-3 to raise the Bank Rate by 25 basis points to 1.25 percent, with three members calling for a 50 basis point… Continue reading →
On Thursday, the Swiss National Bank hiked its policy interest rate for the first time in 15 years, following other central banks in tightening monetary policy to combat rising inflation and sending the safe-haven franc substantially higher. The central bank raised its policy rate from -0.75 percent to -0.25 percent,… Continue reading →
The Federal Reserve hiked interest rates by 0.75 percent on Wednesday, the most in a single meeting since 1994. The Fed signaled that further interest rate rises will occur this year, as the Fed relies on increased borrowing costs to reduce the excessive demand that is contributing to higher-than-expected inflation…. Continue reading →
The Federal Reserve is likely to raise interest rates by three-quarters of a percentage point on Wednesday, something it hasn’t done in 28 years. In reaction to rising inflation and unpredictable financial markets, the central bank will hike the rate that banks charge each other for overnight borrowing to a range… Continue reading →
The smart money sold equities at the quickest rate on record, sending the S&P 500 into a bear market. Hedge funds watched by Goldman Sachs Group Inc. sold US shares for the seventh day in a row on Monday, with the dollar amount of selling over the past two sessions… Continue reading →
The Bank of Canada advised that household vulnerabilites have gotten worse over the past year and can lead to tension in the monetary system as borrowing costs soar and also very indebted debtors struggle to service their financial debts. In its most recent Financial System Review, the central bank stated… Continue reading →
For large and small nations around the globe, the possibility of averting an economic downturn is fading. That grim diagnosis can be found in a report Tuesday from the World Bank, which alerted that the grinding war in Ukraine, supply chain chokeholds, Covid-related lockdowns in China, as well as dizzying… Continue reading →
The higher the energy costs in Europe become, the higher the possibilities are for a windfall tax obligation on power companies as well as utilities, as federal governments will certainly be required to reduce the growing pressure on home finances, Citigroup says. Europe all at once could see an energy… Continue reading →
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