ECB Decides To Go Big With Rate Hike
On Thursday, the European Central Bank announced its first interest rate increase in the continent after more than a decade of negative rates. It finally...
Fed Expected To Deliver 75bps Hike With Recession Chances At 40%
According to economists, the US Federal Reserve will continue to stick to an interest rate increase of 75 basis points in its July meeting next...
Russian Central Bank Governor Talks After Reducing Rates
Elvira Nabiullina, the Governor of the Russian central bank, conducted a news conference after the monetary authority reduced its key interest rate on Friday. They...
ECB Set To Join The Rate Hike Club
On Thursday, the European Central Bank (ECB) is scheduled for its monetary policy meeting in which it is expected to raise interest rates for the...
Japanese Economy Likely To Grow More Slowly Than Expected
According to a recent poll, the economy in Japan is expected to grow at a pace slower than what had been expected previously. This is...
Wells Fargo Profit Declines On Higher Loan Loss Reserves
On Friday, Wells Fargo & Co disclosed that its profit for the second quarter of the year nearly halved, as it set aside more funds...
Singapore Gears Up Inflation Fight With Surprise Rate Hike
On Thursday, Singapore’s central bank made an off-cycle move when it tightened its monetary policy. The monetary authority said that the move was aimed at...
Bank Of Canada Hikes Rates By 100 Basis Points
On Wednesday, the Bank of Canada made a big splash when it became the first central bank amongst developed economies to deliver an interest rate...
Bailey Says Inflation Is Ultimate Test For Boe
On Tuesday, Andrew Bailey, the Governor of the Bank of England, said that its independence would be tested, as it attempts to bring down inflation...
Panetta Claims ECB Rate Hike would Depend on Data
On Friday, a board member of the European Central Bank, Fabio Panetta said that while the ECB was going to lift its interest rates in...