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The Daily NewsBrief

The Daily NewsBrief

Interest Rates

U.S. Federal Reserve Increases Interest Rates by 0.75 Percentage Point

June 15, 2022

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

Media Topic: Tags Banking Central bank Interest rate

European Central Bank to Raise Interest Rates for the First Time in 11 Years

June 10, 2022

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

Media Topic: Tags Central bank Economy Interest rate

Russia’s Sberbank to be Cut Off from SWIFT Payment Platform

May 5, 2022

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

Media Topic: Tags Banking Economic sanction Economy, business and finance Payment service War

Bank of England Hikes Rates to 1%, Warns of 10% Inflation

May 5, 2022

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

Media Topic: Tags Central bank Inflation Interest rate Monetary policy Recession

Reserve Bank of Australia Makes First Interest Rate Increase Since 2010

May 3, 2022

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

Media Topic: Tags Central bank Inflation Interest rate Macro economics

Philippine Central Bank Holds Policy Rate, But Warns 2022 Inflation to Breach Target

March 24, 2022

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

Media Topic: Tags Banking Central bank Inflation Interest rate Monetary policy

Norway Hikes Interest Rate Again, Flags Another Increase Next Year

December 29, 2021

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

Media Topic: Tags Central bank Monetary policy

Paraguay Raises Interest Rate to 4% Amid Rapid Inflation

November 23, 2021

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

Media Topic: Tags Central bank Inflation Macro economics

U.S. Fed Interest Rate Hikes Unlikely through 2023; US GDP Expected to Increase 6.5% in 2021

March 18, 2021

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

Media Topic: Tags Central bank Economic indicator Interest rate

Analysts Anticipate that Brazilian Central Bank Will Raise Interest Rates

March 3, 2021

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

Media Topic: Tags Central bank Interest rate
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