The move comes after the bank announced last month that it was pausing the hikes. ANKARA — Turkey’s Central Bank, in a unexpected move, hiked interest rates Thursday by another 500 basis points, from 45% to 50%. The monetary policy committee cited … Read More
Hong KongCNN — Japan has ended its negative interest rate policy, marking a historic shift away from an aggressive monetary easing program that was implemented years ago to fight chronic deflation. As part of the decision, the Bank of Japan (BOJ) … Read More
Greetings from Tyler, I’ve got good news and bad news. The good news is that a law has passed the Texas legislature that will allow the arrest of illegal aliens. The bad news is, it doesn’t take effect until March. … Read More
Western companies that sell their Russian assets restricted from taking proceeds in dollars and euros Russia has reportedly imposed additional currency controls in an attempt to prop up the falling rouble, restricting western companies that sell their Russian assets from … Read More
Credit card debt hit $1 trillion for the first time on record, according to new data, a troubling development as interest rates and delinquencies also rise. Total balances on credit cards and other revolving accounts reached $1 trillion the week … Read More
LA PAZ (Reuters) – Bolivia’s “economic miracle,” a boom in the 2000s and 2010s that saw years of state spending lift millions of people into the middle class, is creaking, a warning sign to the wider region battling high inflation, … Read More
US dollar-yuan divergence trade could spin out of control without intervention from China soon The US dollar-China yuan currency divergence trade is in full flow. Unless Beijing gets a grip on the exchange rate soon, the yuan could hit 15-year … Read More
The European Central Bank pressed ahead with another interest rate hike Thursday and made clear more are on the way, aiming to crush inflation that is driving up the cost of groceries even after the U.S. Federal Reserve took a break from … Read More
BUENOS AIRES, April 14 (Reuters) – Argentines, painfully accustomed to decades of soaring prices, say that the current 102.5%-and-climbing inflation rate is on another level and is making it almost impossible to get by. “In my case, I have zero … Read More
The chancellor has said it would be a “terrible mistake” to give pay rises above the rate of inflation, even though strikes are hitting the economy. Jeremy Hunt said the impact of the junior doctors’ strike on NHS patients was … Read More