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,...
Turkey Stops Lending to FX-Rich Companies
On Friday, Turkey put a stop to lending to companies that have foreign currency cash of more than $1 million. This is the latest step...
US Dollar Falls as Markets Reassess Fed’s Path
On Friday, the US dollar fell, which was the first weekly decline for the currency in a month. This was because traders were pulling back...
Cardano Community Keeps its Fingers Crossed as Work on Hard Fork Still Continues
It was just last week when the development teams behind Cardano’s latest hard fork shared their development update. They had revealed that despite going through...
Fed’s Barkin Supports 50 or 75 bps Hike Next Month
On Tuesday, the President of the Richmond Fed, Thomas Barkinshared his opinion about the stance of the US Federal Reserve Chairman, Jerome Powell, about interest...
Euro and Sterling Down due to Global Growth Concerns
On Wednesday, both the Euro and Sterling recorded major declines in the face of rising concerns that a hike in interest rates by central banks...
Bank of England’s Mann Calls for Big Rate Hike to Support Pound
On Monday, the interest-rate setter for the Bank of England, Catherine Mann said that they should hike up interest rates faster than they have done...
Fed’s Waller Wants another 75 bps Hike to Fight Inflation
On Saturday, Christopher Waller, the Governor of the US Federal Reserve, joint the list of central bankers who have vowed to do whatever it takes...
China’s Banks Scrambling to Raise Capital and Answering Calls for Supporting Economy
On Wednesday, China Construction Bank Corp (CCB) joined its peers to sell bonds worth 60 billion yuan ($8.9 billion). The aim was to replenish their...