Financing
Japan Finance Minister Warns Action As Yen Hits 24-Year Low
The yen has fallen to a new 24-year low versus the dollar, and Japanese Finance Minister Shunichi Suzuki indicated on September 2 that Tokyo will take necessary action as necessary to address volatility movements. This raises the possibility of...
Financing
Eurozone Inflation Hits 9%, Leaving Policymakers In Strain
The increase in inflation in the eurozone in August underscored the economic blow caused by Russia's war in Ukraine and put greater pressure on the European Central Bank to act by sharply hiking interest rates the following week.
Consumer prices...
Financing
2-Decade High USD May Affect Rate Hikes, Unemployment Claims
The US dollar was going to have its third straight week of gains and was close to its highest level in 20 years compared to other major currencies. This was because investors were waiting for US jobs data, which...
Financing
How High Is UK Inflation And Why Are Living Costs Rising?
According to the Bank of England, recent increases in energy prices, which are anticipated to be three times greater than they were a year ago, will push inflation even higher, to 13%. People's finances are being squeezed as a...
Financing
Citi Predicts UK Inflation May Reach 18% As Fuel Costs Soar
The investment bank Citi has issued a warning that rising energy costs will cause UK inflation to reach over 18% in the first quarter of 2019.
According to Citi, CPI inflation will reach 18.6% in January 2023 as a result...
Financing
Green Finance Rules To Be Issued By Thai Central Bank In Q3
The Thai central bank announced on August 23 that it intended to establish regulations for banks to follow when providing financial goods and services that consider environmental considerations. The Bank of Thailand (BOT) said in a release that the...
Financing
First Indonesian Rate Hike Since 2018 By The Central Bank
On August 23, the central bank of Indonesia increased its interest rate benchmark for the first time since 2018. This increased monetary tightening was done to combat growing inflation. The 7-day reverse repurchase rate was increased by 25 basis points...
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