UK’s Economy Takes A Hit Due To Surging Prices
The latest data shows that the UK economy recorded less growth than expected in July, which increases the possibility that it may have already entered...
August Saw Global Central Banks Slow Down Hiking Cycle
The month of August saw the scale as well as the pace of increase in the interest rates delivered by central banks in emerging as...
Fed To Continue Rate Hikes Amidst Rising Unemployment
The US Federal Reserve is expected to continue with its aggressive regime of raising interest rates in the next few months for curbing stubborn inflation....
China’s Largest Banks Wounded By Property Sector Rout
The ongoing crisis in the property market of China has left five of the country’s largest banks wounded, with the first half of the year...
Traders Increase Bets Of 75 Bps Hike From ECB
On Monday, euro zone money markets moved for pricing in a possibility of a 75 basis points increase in the interest rate by the European...
Powell Predicts Pain Ahead As Fed Committed To Beat Inflation
On Friday, the chief of the US Federal Reserve delivered his speech at the central banking conference in Jackson Hole, Wyoming, which saw him use...
South Korea Raises Rate And Warns Of Inflation
On Thursday, the central bank of South Korea hiked its key interest rate by 25 basis points and gave inflation forecasts a significant boost. The...
China Regulator Issues Warning To Banks Over Yuan Selling
On Wednesday, the foreign exchange regulator in China phoned a number of banks to issue a warning about aggressively selling the yuan. This is yet...
Euro Zone Business Activity Declines Again In August
The month of August saw euro zone business activity contract for the second straight month, as the rising cost of living drove consumers into cutting...
Investors Betting on Bigger Hikes by BoE after Inflation Numbers
On Wednesday, the 2-year bond yields of the British government reached their highest level in almost 14 years when the global financial crisis had been...