said the Turkish president Recep Tayyip ErdoganThe country will adhere to a very easy monetary policy approach, represented byinterest rates In the single digits, after the central bank cut borrowing costs. The central bank said this week that it has ended its monetary easing cycle, cutting its benchmark interest rate to 9% from 10.5%. This … Read more
25.08.2022 09:29 a.m. – 01:33 a.m Federal Reserve Summit in Jackson Hole “How do we get the toothpaste back in the tube?” When the world’s central bankers gather in Jackson Hole, all eyes are on Jerome Powell. How will the Fed react to the next rate hike? The market is waiting for statements and the … Read more
On Wednesday, August 17th, Ghana’s central bank decided to raise its key interest rate by 300 basis points to 22% at an emergency meeting amid hyperinflation. Ghana’s rate hike comes just three weeks after keeping monetary policy unchanged at 19%, as well as the central bank’s statement at the time that it was waiting to … Read more
Drastic jump in interest rates off the table Wall Street celebrates relief rally 07/15/2022 11:03 p.m There are many reasons for concern in the financial markets at the moment. But robust economic data, weakening inflation and a clear interest rate communication from the US Federal Reserve are making Wall Street cheerful. Bank stocks in particular … Read more
The world has entered a phase of inflation not seen since the seventies and eighties, and central bank governors and economists warned during a seminar held by the European Central Bank this week in Portugal that it will take time to overcome it. The European Central Bank, which is charged with dealing with the evolution … Read more
witnessed European stocks A decline during the week ended, as the Stoxx index continued its losses for the fourth consecutive session, approaching its lowest level since May 12, to incur weekly losses of 3.9%, and the losses of the Stoxx 600 index for all of Europe were wide-ranging, led by a decline of 4.8% in … Read more
The markets are awaiting several central bank meetings during the month of June, led by the US Federal Reserve, the European Central Bank, and the Bank of England. These meetings coincide in light of the mounting fears of a global economic slowdown and the rise of voices warning that global economies may enter a recession. … Read more