The Turkish Central Bank Monetary Policy Committee announced on Thursday it will cut its interest rates by 150 basis points to 9% and will seek alternative supportive tools to curb the raging inflation in the country which surged to 85.5% in October.
The central bank warned that inflation may...
The People's Bank of China (PBoC) stated on Monday that its key interest rates will remain unchanged. The central bank was widely expected not to change its rates at this point.
The one-year Loan Prime Rate (LPR) will stay at 3.65%, while the five-year LPR will be at 4.30%.
Britain's Chancellor of the Exchequer Jeremy Hunt defended the Bank of England's decision to increase the interest rate by additional 75 basis points on Thursday, stressing that the step goes in line with the goal of reducing inflation to its target.
"The most important thing the British government can do...
The Bank of England's (BoE) Monetary Policy Committee (MPC) revealed on Thursday that it has decided to raise its key interest rate by three-quarters of a percentage point to 3%, marking this the largest rate hike in 33 years. The majority of the MPC members were in favor of a 0.75 percentage...
United States Federal Reserve's Federal Open Market Committee (FOMC) revealed on Wednesday that it will raise the target range for the federal funds rate by 0.75 percentage points to between 3.75% and 4%, emphasizing that "ongoing increases in the target range will be appropriate" to reach a...
The Reserve Bank of Australia (RBA) said on Tuesday it decided to raise interest rates by 25 basis points. The bank increased the cash rate target to 2.85% and hiked the interest rate on Exchange Settlement balances to 2.75%.
RBA Governor Philip Lowe stressed that inflation is "too high" and...
Bank of Canada (BoC) Governor Tiff Macklem said Friday that the persistence of US dollar strength could force interest rates higher, leaving the bank with "more work to do."
"If the situation continues, that means we're gonna have more work to do on interest rates," Macklem told reporters following...
The Reserve Bank of Australia (RBA) revealed on Tuesday it opted to raise interest rates in October, adjusting its monetary policy setting by 25 basis points.
The central bank's targets for the cash rate and the interest rate on Exchange Settlement balances will be increased, standing at 2.60% and...
European Central Bank President Christine Lagarde (pictured) stated on Wednesday that the bank will continue to hike interest rates in the next meetings.
"We have return inflation to 2% in the medium term, and we will do what we have to do, which is to continue hiking interest rates in the...
President of the Federal Reserve Bank in Chicago, Charles Evans (pictured), assured on Tuesday that getting inflation under control is the current priority of the bank.
Commenting on the economic outlook and the Fed's mandate on CNBC Europe, Evans said the consensus on the federal funds...
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