London CNN Business — The United Kingdom’s central bank has hiked interest rates for a fifth time since December in a bid to tame spiraling inflation. The Bank of England said on Thursday that it would raise the cost of borrowing by 25 basis points...
Rates
Fed hikes interest rates by three-quarters of a percentage point in boldest move since 1994 💥💥💥
It’s the largest rate hike since 1994, and will affect millions of American businesses and households, pushing up the cost of borrowing for homes, cars and other loans in order to force a slowdown in the economy. Until this week, economists and investors had expected...
PR stunt or show of strength? Russia slashes interest rates 💥💥💥
At an extraordinary meeting, the Russian central bank cut interest rates to 11% from 14% and said further reductions could follow. Rates were hiked as high as 20% in the immediate aftermath of Russia’s invasion of Ukraine in February as the bank tried to prevent...
Fed raises interest rates by half a percentage point 💥💥💥
It’s the first time in 22 years that the central bank has hiked rates this much. In March, it ramped up its benchmark borrowing rate for the first time since late 2018, increasing it by a quarter-percentage point. Americans are struggling with rising costs everywhere...
The Fed is ready to move faster on interest rates 💥💥💥
The minutes said “many participants” at the Fed’s meeting in March noted they would have preferred a 50 basis point increase to the federal funds rate in light of high inflation. Instead the Fed raised the benchmark rate by 25 basis points to a range...
China keeps cutting critical lending rates to address its economic woes 💥💥💥
The central bank also trimmed its five-year loan prime rate by five basis points to 4.6%, the first cut to that rate since April 2020. China’s loan prime rate is the rate at which commercial banks lend to their best customers, and it serves as...
Germany reports sharp increase in coronavirus infection rates 💥💥💥
A health worker inoculates a student with a dose of the Covaxin vaccine against the Covid-19 coronavirus during a vaccination drive for youths of the 15-18 group age at a Government High School in Bangalore on January 4, 2022. (Manjunath Kiran/AFP/Getty Images) India on Wednesday...
Bank of England hikes interest rates to tackle rising prices 💥💥💥
The central bank’s Monetary Policy Committee said Thursday that it would raise interest rates from the record low of 0.1% to 0.25%, the first such move by any major central bank since the start of the pandemic. UK consumer price inflation surged to 5.1% in...
US Covid-19 rates are declining, but colder weather could mean the Delta wave still has months to go, expert says 💥💥💥
“We still have a couple of months to go until this Delta wave sweeps across the country in a regionalized fashion and we are sort of done with it,” said Dr. Scott Gottlieb, the former director of the US Food and Drug Administration. “You’re starting...
Vaccination rates of English Premier League players remain shrouded in mystery 💥💥💥
The Premier League regularly releases details of how many players and club staff have been tested for Covid-19 and the number of positive tests, and some individual teams have disclosed vaccination rates, but the league declined CNN’s requests to comment on the record for this...