The Bank of England on June 22 lifted its key interest rate by a half-point to five per cent or 50 basis points to tackle stubbornly high UK inflation. Britain remains an outlier in the Group of Seven nations, with consumer prices rising four times the BOE’s two per cent target in May and more than double the rate in …
Federal Reserve Chair Jerome H. Powell explained in a post-meeting news conference signaled that the pace of interest rate increases would moderate going forward. Federal Reserve officials at their meeting earlier this month concluded that it would soon be appropriate to slow the pace of interest rate increases, signaling the central bank was leaning toward downshifting to a half-percentage-point hike …
After double digit expansion in the first quarter, India’s economic growth will likely slow to 6.5% in the second quarter largely due to the high base and erosion of corporate profitability due to inflation, according to economists. In fact, the second half of FY23 will likely see a sharp deceleration in growth on account of the global economic environment, which …
Financial conditions now are tighter than last decade’s average and these conditions are expected to tighten further as central banks continue to raise rates, the Reserve Bank of India keeps the pedal on excess liquidity absorption and there is a faster transmission of rate hikes to the broader market segments, according to a Crisil report. “Tighter financial conditions may not …
