ECB leaves interest rates unchanged as markets falter
28 October 2023 | 3:10 pm
The European Central Bank left interest rates at 4%, snapping a record streak of 10 rate hikes. Weak earnings have plagued eurozone countries as inflation smothers spending.
26 Dec 2021
26 Dec 2021
Energy prices are hitting record highs, which is impacting consumer goods. Inflation is on the rise, so the ECB is looking to cool things off with lower key interest rates.
21 Mar 2022
The United States Federal Reserve has raised interest rates for the first time since 2018, as it tries to cool inflation, which is running at the highest level in 40 years. The Chair of the central bank, Jerome Powell, said the implications of the Russian invasion were "highly uncertain", pointing to the risk of disruption to supply chains. Also today, we look at details of the French government's plan to ease the economic impact of the war in Ukraine.
9 May 2022
The Fed raises interest rates by the most in over 20 years The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.
5 May 2022
The central bank has announced a 0.5% interest rate hike — its highest increase in more than 20 years. The US move comes as a number of other countries cut lending rates to deal with rising prices.
9 May 2022
It is the fourth month in a row the central bank's Monetary Policy Committee has voted for a rise. Policymakers are currently trying to stem inflation amid high energy prices sparked partly by Russia's war in Ukraine.
8 May 2022
After a sell-off on Wall Street, global investors are grappling with price increases and rising borrowing costs. Inflation is particularly brutal in Turkey, and the Greek government unveils a program to protect households from soaring energy prices.
12 Jun 2022
The European Central Bank has left the interest rate unchanged but indicated that it will rise in July — the first hike since 2011. It is also halting a program which ultimately amounts to printing electronic money.
18 Jun 2022
Federal Reserve raises key interest rate 0.75% as it tries to calm inflation. The Federal Reserve said on Wednesday that it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the fiercest surge in U.S. inflation in four decades.
24 Jul 2022
The ECB bank has raised key rates by 50 basis points, more than it had signaled. The hike could hurt its credibility as being predictable, but that's a small price to pay in these unusual times, says Ashutosh Pandey.
13 Sep 2022
The European Central Bank has hiked its key interest rate by an unprecedented 0.75 percent, as it tries to tackle the highest inflation in the bloc's history. But the pace of price rises is largely due to energy costs. Craig Erlam, Senior Market Analyst at Oanda, says the policy shift "is not going to be as effective as you would ordinarily see". He says government action – like the UK's newly-announced plans to cap energy bills – will have a bigger impact for most consumers.
24 Sep 2022
The Bank of England has warned that the UK economy may already be in recession, as it hikes interest rates for the seventh time to combat the spiralling pace of price rises. Inflation is still hovering nearly 40-year highs at just under 10 percent.
The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking sector.
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A greeting and an apology, a sign of respect and an indication of worshipping, the formal bow employed by all Japanese has many meanings and numerous subtle distinctions.
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Recently discovered oil is transforming Guyana's fortunes. But neighbouring Venezuela has suddenly rekindled old claims of territorial ownership. Official Venezuelan maps now incorporate the disputed Essequibo region that covers two-thirds of Guyana, and Venezuelan oil companies have been ordered to start extraction.
9 hours ago
The 2023 CAF Awards ceremony will take place in Marrakech in some hours and the spotlight is on Napoli and Super Eagles talisman Victor Osimhen and Super Falcons star, Asisat Oshoala in contention for the Player of the Year award in the men's and women's category. Ayomide Sotubo and the Nutmeg crew discussed what to expect in the ceremony.
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