Turkey hikes interest rates to 15% as Erdogan reverses policy on fighting inflation
Turkey's central bank hiked interest rates to 15% from 8.5% Thursday in a dramatic reversal of its unorthodox policy of cutting the cost of borrowing to tame painfully high inflation.
2023-06-22 19:29
Turkey delivers 650-bp rate hike to 15% but still underwhelms
ISTANBUL Turkey's central bank hiked its key interest rate by 650 basis points to 15% on Thursday in
2023-06-22 19:25
Bank of England hikes rates for 13th time as inflation stays high
The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation.
2023-06-22 19:23
Ocado Shares Soar on Reports of Bid Interest From Tech Firms Including Amazon
Ocado Group Plc shares jumped as much as 47% in London, the most in more than five years,
2023-06-22 18:55
BBVA Boosts Private Banking Presence Amid Spain’s Wealth Influx
Banco Bilbao Vizcaya Argentaria SA is boosting its Spanish private banking operations at a time when rich Latin
2023-06-22 18:49
Nvidia Surge Fails to Rub Off on Those It Needs Most
While Nvidia Corp. shares have roughly tripled this year, those that the company relies on to produce the
2023-06-22 17:57
Europe’s Inflation Retreat to Be Hindered by Cheap German Travel
Germany’s rollout of ultra-cheap public transport last summer is set to reverberate through its upcoming inflation readings, causing
2023-06-22 17:56
Zambian Currency and Eurobonds Rally on Bets of Debt Revamp Deal
Zambia’s currency and dollar bonds traded near multi-month highs, having chalked up double-digit gains so far this month
2023-06-22 17:47
Samurai Bond Market Lures EDF With Busiest Start in Five Years
Dovish Bank of Japan monetary policy is fueling the busiest start to issuance in Japan’s domestic bond market
2023-06-22 17:28
EU Banks Expand Risk Scenarios They Face From Climate Change
European banks are building out their risk models to better prepare for the fallout from climate change, with
2023-06-22 17:25
Indonesia, Philippine Stand Pat Amid Easing Price Pressures
Central banks in Indonesia and the Philippines kept borrowing costs unchanged as expected, with both signaling rates will
2023-06-22 17:24
Norway Raises Rate by Half Point to Ramp up Inflation Fight
Norway’s central bank accelerated interest-rate increases and pledged more aggressive tightening, intensifying its response to stubborn inflation and
2023-06-22 17:22