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...
Bank Of Korea To Increase Rates By 50 Bps
On Wednesday, the central bank in South Korea is scheduled to deliver its first-ever interest rate hike of 50 basis points that will see the...
Oil Gains 2% But Records Weekly Loss Over Recession Concerns
On Friday, there was a 2% rise in oil prices in volatile trading, but they were still on course for a weekly decline with investors...
Mexico’s Inflation in June Touches 21-year High
On Thursday, official data showed that annual inflation in Mexico had accelerated in June and climbed to levels that had not been seen in the...
Bank of England Informs Leaders to Prepare for Economic Storm
On Tuesday, the Bank of England (BoE) issued a warning that the economic outlook was dark, not just for Britain, but globally. It also informed...
Recession Fears Rise and June Jobs Report Looms
The third quarter of the year has been greeted by investors with apprehension because there are worries of a recession. Therefore, the job report due...
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...
Banks See Stock Offerings Fee Decline with IPOs on Ice
The second quarter of 2022 sent a chill in the global equity markets due to the fears of recession and the invasion of Ukraine by...
Swedish Central Bank Hikes Interest Rate
On Thursday, the central bank of Sweden delivered an interest rate hike of half a percentage point, which saw the benchmark rate in the country...
Fed Officials Promise Hike in Interest Rates
On Tuesday, policymakers of the Federal Reserve promised that they would hike up the interest rates in order to bring down the inflation numbers. But,...