Taiwan’s central bank (CB) has room for further interest rate cuts, governor Yang Chin-long said on Thursday, but he cautioned economic growth could be less than 1% this year due to the impact of the coronavirus pandemic.
Hungary’s central bank (CB) left interest rates on hold and said it would begin its bond-buying scheme and mortgage bond purchase on May 4 without any set target amount, to soften the economic impact of the novel coronavirus pandemic.
The Turkish lira crashed as much as 7 per cent to a new record near 15 to the dollar on Monday, gripped by worries over President Tayyip Erdogan’s risky new economic policy
The US dollar slipped on Friday and was heading for its first weekly decline this month as traders dialled down bets on where interest rates may peak and brought
The European Central Bank (ECB) raised interest rates on Thursday for the first time in 11 years by a larger-than-expected amount, joining steps already taken by the US Federal Reserve
The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.
The cake is shrinking. The UK is probably in recession, and, as the Bank of England predicted the other day, the misery will probably last until 2025, the longest such run of contraction in a century. As the new chancellor Jeremy Hunt has warned, the country now faces a “tough road ahead”. That’s putting it lightly.
The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia’s invasion
On Wednesday, the United States Federal Reserve raised the interest rate by 0.75 per centage points following similar steep hikes earlier. Fed Reserve chairman Jerome Powell did not say whether they have reached the maximum point of rate hikes, though there was speculation that after this the rate hike would be in smaller measures of 0.50 percentage points.