2023-11-16 14:43:56 The President of the European Central Bank (ECB) Christine Lagarde on Thursday called on euro zone states to “remain proactive” in the face of risks to financial stability, against a backdrop of high interest rates due to inflation. “So far, the European financial system has avoided the worst scenario in which serious systemic … Read more
2023-08-01 11:38:19 Central bank purchases of gold fell for the third quarter in a row, as hefty sales from Turkey outpaced purchases elsewhere. Net such purchases fell 64% to 103 tons in the second quarter, according to a report issued by the World Gold Council, marking the lowest level in more than a year. The … Read more
2023-06-08 20:22:07 European stocks decline, amid expectations that major central banks will raise interest rates again. European stocks closed cautiously lower European stocks recorded a tepid performance today, Thursday, with a decline in interest rate-sensitive technology and consumer goods stocks, amid expectations that major central banks will raise interest rates again, and a sharp decline … Read more
The fight against “inflationary pressures” took over the shocks in the banking sector: the Bank of England (BoE) also raised its key rate on Thursday March 23, imitating the American Federal Reserve (Fed), the European Central Bank (ECB) and the central banks in Switzerland and Norway. >> Euro zone: rate hikes will not stop in … Read more
Interest rates may not remain high for a long time as central banks around the world are beginning to pivot toward lower interest rate increases or even a pause as inflation acceleration may have peaked, said Reserve Bank of India (RBI) Governor Shaktikanta Das. “With some ebbing of Covid-related restrictions and cooling of inflation in … Read more
Prepared by: Hisham Mukhaneh Gold prices have fluctuated recently at around $1,800, but Jörg Kenner, managing director and chief investment officer at Swiss Asia Capital, sees a good opportunity for major movements in the global gold market, which may soar prices to $4,000 an ounce in 2023, as Rising interest rates and recession fears are … Read more
Publicly, BoE officials see that the UK is already in recession. Officials at the European Central Bank assume that the eurozone has entered recession this quarter. The economies of both the UK and the Eurozone have been hit by rising energy costs as a result of Russia’s invasion of Ukraine. The United States is less … Read more