World Bank chief economist Carmen Reinhart said she is pessimistic that the U.S. and global economies can avoid a recession, given scotching inflation, sharp rises in interest rates, and decelerating ...
Summary Norges Bank raises the interest rate by 50 basis points to 1.25% The majority of analysts had expected 25 points hike The central bank sees the rate hitting 3% ...
EU withdrawal prompting higher import costs and costing British workers about £500 each year, says Resolution Foundation. Britain’s cost of living crisis is being aggravated by Brexit disrupting the country’s ...
Living costs take a hit although pay deals in three months to May are highest since 1992 Annual pay growth stopped at 4% last month, leaving most workers with a ...
Interest rate reductions show central banks are ready to plunge economies into recession to stop price rises of basic commodities. The battle against inflation escalated this week as central banks ...
Summary BOJ keeps interest rate targets unchanged Governor Kuroda rules out a near-term rate hike Kuroda says the yen's sharp fall is undesirable, and bad for the economy BOJ ramps ...
The Central bank of England is keen to hike interest rates more aggressively if required, says Huw Pill The Bank of England (BoE) will hike interest rates more aggressively to ...
Summary SNB unexpectedly hikes interest rates by half a percent Bank of England raises rates by 25 bps Hungary unexpectedly lifts one-week deposit rate Inflation painfully high and not yet ...
United States banks Wells Fargo & Co and JPMorgan Chase & Co said on June 15 that they had raised their prime lending rates by 75 basis points to reach ...
Summary ECB policymakers increasingly refer to a 'neutral rate' in discussing the hiking cycle Eurozone neutral rate was seen between 1%-2%, but economists and policymakers still divided Neutral rates vary ...
