The U.S. Federal Reserve on Wednesday raised benchmark interest rates by a 0.75 percentage point, the largest increase the group has made in a single meeting since 1994. The central … Read more
The European Central Bank (ECB) announced that it will hike interest rates for the first time in more than 11 years next month in order to combat the Eurozone’s growing … Read more
The European Union (EU) has announced plans of cutting off Russia’s largest bank, Sberbank, from the SWIFT international payment system. In a speech delivered on Wednesday, European Commission President Ursula … Read more
The Bank of England (BOE) has hiked its key interest rate to its highest level in 13 years amid soaring inflation. The central bank raised its policy rate from 0.75% … Read more
For the first time in more than 10 years, Australia raised its interest rate. Philip Lowe, governor of the Reserve Bank of Australia (RBA), said in a statement released today … Read more
The Philippine central bank held its key interest rate on Thursday in a bid to continue supporting economic recovery from the COVID-19 pandemic, but not without flagging high inflation risks. … Read more
Norway’s central bank raised its interest rate for the second time this year and signaled another increase in March in an effort to cool the country’s rebounding economy. Norges Bank … Read more
Paraguay further tightened its monetary policy for a second consecutive month, raising the key interest rate by 125 basis points to 4 percent as the central bank tries to contain … Read more
The US Federal Reserve announced a 0% interest rate increase through 2023 and predicts that the nation’s GDP will increase by 6.5% in 2021. Fed Chairman Jerome Powell made the … Read more
Economists expect the Brazilian central bank to raise interest rates next month due to rising consumer price inflation expectations which are going above the bank’s central year-end target of 3.75%. … Read more