Nigeria battles to halt spiraling currency crisis and rising food insecurity
Nigeria is battling to contain a historic currency crisis and soaring inflation, with the International Monetary Fund on Monday warning…
Turkish annual inflation soars to 67% in February
Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.…
German central bank losses soar, wiping out risk provisions
Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates,…
Turkey ends hiking cycle after 8 months, holding key rate at 45%
Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive…
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates…
Bank of England rate cuts likely later but larger, Goldman Sachs says
The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected…
Fed Governor Kugler backs caution on rates; Kashkari expects only two or three cuts
Federal Reserve Governor Adriana Kugler said Wednesday inflation is showing solid signs of slowing down, but she is not ready…
Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates
Interest rates running at their highest levels in about 23 years are not hurting the economy and could buy policymakers…
Turkey’s new central bank governor, formerly at Amazon and New York Fed, seen as a ‘credible choice’
Turkey’s newly appointed central bank governor, Fatih Karahan, has his work cut out for him, after being named to the…
Divided Bank of England leaves policy unchanged, says interest rates are ‘under review’
LONDON — The Bank of England held interest rates steady at 5.25% on Thursday, with the announcement detailing the very divided…
