It is a decision that will have repercussions on the global economy, and will therefore be watched closely. The US Federal Reserve – also called the Fed – is expected to announce a further increase in its key rates on Wednesday, December 14. The Swiss National Bank and the European Central Bank will meet the following day. Decisions could be communicated immediately.
Why it matters. Policy rates are the rates at which commercial banks can borrow money from the central bank. A rise in interest rates therefore has repercussions on household and corporate loans, which leads to a slowdown in economic activity. The goal is to reduce pressure on prices.
Related posts:
"We must encourage the consumption of pulses, which are beneficial for the finances, health and envi...
an example of brand activism
Elon Musk donates $1.95 billion in Tesla stock to charity
He bet on renewable energy and is now richer than Jeff Bezos
Launch of the new LUNA 2.0... and the coin is rising like crazy in minutes!
"Serious Hygiene and Maintenance Problems in Swiss Hospitals: Swissmedic Report Reveals Alarming Fin...
a fierce farewell to Aston Martin's flagship Super GT
GSK Group transforms its consumer healthcare arm into a new company