FOLLOWING THE FED: World Bank warns simultaneous rate hikes could lead to global recession
Sweden's central bank, Riksbank, raised interest rates Tuesday by a full percentage point to 1.75% in an attempt to fight back inflation, which reached a three-decade high of 9% in the country last month.Stefan Ingves, governor of the Sveriges Riksbank, during a news conference following a policy rate decision in Stockholm, Sweden, on Thursday, June 30, 2022.
"By raising rates now and by continuing to hike rates we reduce the risk that inflation is going to park itself at a high level." Analysts anticipate the Bank of Japan will keep rates near zero. The country's consumer price index spiked at the fastest annual rate in nearly eight years in August to 2.8%.
Economists polled by Reuters expect Norges Bank to lift rates by 50 basis points as Norway battles 6.5% year-over-year inflation.
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XRP, Ether Lead Recovery in Crypto Majors as Markets Prepare For Outsized Fed HikeWith the boarder equity markets declining ahead of key interest rate decision, XRP rose 8% leading the gain in crypto markets. By shauryamalwa
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Federal Reserve expected to raise rates againThe Fed's rate hikes could ultimately lead to the economy cooling off more than the central bank would like, experts say.
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Federal Reserve expected to raise rates againThe Fed's rate hikes could ultimately lead to the economy cooling off more than the central bank would like, experts say.
Baca lebih lajut »
Federal Reserve expected to raise rates againThe Fed's rate hikes could ultimately lead to the economy cooling off more than the central bank would like, experts say.
Baca lebih lajut »
Federal Reserve expected to raise rates againThe Fed's rate hikes could ultimately lead to the economy cooling off more than the central bank would like, experts say.
Baca lebih lajut »
Federal Reserve expected to raise rates againThe Fed's rate hikes could ultimately lead to the economy cooling off more than the central bank would like, experts say.
Baca lebih lajut »