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Sterling below $1.20 for second straight day, Treasury says
... environment where people want to hold dollars. After more than two years of Covid restrictions, many people are planning their first trips overseas, with the peak summer holiday season and the long school break on the horizon. She said if you're going to the Eurozone or the United States, you're going to be able to purchase less. When we look at the dollar, it's very strong, so holidaymakers going to the US are going to see the weakness.
Updated: 06/15/2022
ECB to raise interest rates for first time in 11 years
The European Central Bank says it intends to raise interest rates for the first time in more than 11 years next month as it tries to control inflation in the eurozone. The European Central Bank says it intends to raise interest rates for the first time in more than 11 years next month as it tries to control inflation in the eurozone. The ECB said it would raise its key interest rates by 0.25% in July, with ...
Updated: 06/13/2022
Oil prices drop as China battles COVID surge
... steeply in response to the US economy's slump into recession, this would affect oil demand in the world's largest oil consuming country. He said that plans to begin lifting rates by the European Central Bank last week have stirred recession fears for the eurozone. The Wall Street Journal reported late on Sunday that U.S. President Joe Biden is expected to make a trip to Saudi Arabia next month. Flynn said that that he is still very skeptical that they re going to be that accommodating to any U.S. calls ...
Updated: 06/13/2022
ECB to raise interest rates for first time in more than 11 years
The European Central Bank ECB intends to raise interest rates for the first time in more than 11 years next month as it tries to control inflation in the eurozone. The European Central Bank ECB intends to raise interest rates for the first time in more than 11 years next month as it tries to control inflation in the eurozone. The European Central Bank said it would raise its key interest rates by 0.25% ...
Updated: 06/09/2022
ECB to raise interest rates for first time since 2011
... raised from 0.5% and increase the 0% lending rate to 1% of the Bank of England 's equivalent base rate. In July, quantitative easing of electronic funds will be stopped, although the existing stock of ECB loans will remain at around 8 tn, or 63% of the eurozone's annual gross domestic product. In Amsterdam, the governing council said that inflation had become a major challenge and that inflation had widened and intensified. According to its latest forecasts, inflation will average 6.8% this year, well ...
Updated: 06/09/2022
ECB rate hikes could be on hold until July 21
... and optionality of policy tools, which were the keywords at the March and April press conference. The question around the ECB meeting is how much money the central bank is willing to fight the market on bond yields in so-called financially stressed eurozone countries. It is possible that the ECB will announce a new instrument for potential selective bond purchases in the future. According to Holger Schmieding , chief economist at Berenberg Bank , said that the ECB will simply state more forcefully ...
Updated: 06/09/2022
ECB to stop bond buying but inflation worries
AMSTERDAMAMAM AMSTERDam: The European Central Bank is set to announce the end of its bond buying program on Thursday, but there are concerns about the accelerating pace of inflation in the eurozone's grip policymakers. AMSTERDAM : The European Central Bank is set to announce the end of its bond buying program on Thursday, but there are concerns about the accelerating pace of inflation in the eurozone's grip policymakers. The stop is ...
Updated: 06/09/2022
India hikes interest rates for second time this month
... to the risk of capital outflows and currency depreciation in these economies, aggravating their debt risks accordingly. The Financial Times reported on Monday that the European Central Bank is going to strengthen its commitment to protect vulnerable eurozone countries' debt markets if they are hit by a sell-off as a result of future interest rate increases. More emerging economies are more vulnerable than those in the eurozone, and rising borrowing costs are expected to pose serious challenges to ...
Updated: 06/08/2022
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