The Bank of England carried out its biggest interest rate hike in three decades on Thursday, joining the US Federal Reserve and other central banks around the world in rapid hikes as…
Tag: rate
Bank of England raises interest rate by 75 basis points, biggest hike in 33 years
A walkway near the Bank of England (BOE) in the City of London, UK, on Thursday March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England…
Central Banks Buy Gold at Fastest Rate in 55 Years | OilPrice.com
Central banks around the world were last accumulating gold reserves at a breakneck pace 55 years ago, when the US dollar was still backed by gold. According to the World Gold Council…
What’s next for markets after the Fed’s 4th consecutive interest rate hike
What’s next for the markets now that the Federal Reserve has announced its fourth and possibly final giant rate hike of 75 basis points? Well, a lot, actually. The sometimes tumultuous third-quarter…
US interest rate hike: Powell sees higher spike for rates – BNN Bloomberg
Federal Reserve Chairman Jerome Powell has opened a new phase in his campaign to regain control of inflation, saying US interest rates will go higher than expected, but the path could soon…
US Fed offers big rate hikes, signals next one could be smaller
He noted the still-evolving impact his rapid pace of rate hikes has set in motion, saying the target range for future hikes will be “appropriate.” The US Federal Reserve has raised interest…
What Mortgage Brokers See With Renewals Amid Rate Hikes – BNN Bloomberg
Canadian mortgage owners are feeling the pressure of rising borrowing costs, but despite the difficulties, few are looking to sell, according to several mortgage brokers. The Bank of Canada raised interest rates…
QMS VRR support comes to Apple TV 4K to prevent crashes when changing the frame rate of content
Early reviews of the new Apple TV 4K have pointed out that Apple will add support for Variable Refresh Rate Fast Media Switching (QMS VRR) via a tvOS software update. QMS VRR…
90% chance ‘pretty big recession’ will hit by 2023 as money supply shrinks at ‘unprecedented’ rate – Steve Hanke
Third-quarter real gross domestic product (GDP) rose 2.6%, according to data released Thursday by the U.S. Bureau of Economic Analysis. The figure was above the consensus estimate of 2.4% and follows two…
Europe sees fastest pace of rate hikes since launch of euro
FRANKFURT, Germany (AP) — The European Central Bank has launched another outsized interest rate hike aimed at stifling runaway inflation, raising rates at the fastest pace in euro history and underscoring the…