Written by Penelope Graham Russia’s large-scale invasion of Ukraine has dramatically heightened geopolitical tensions, not to mention economic uncertainty; NATO members reacted quickly with sanctions, while Germany announced it was delaying progress on the Nord Stream-2 pipeline, cutting off what was expected to be a major supply of Russian naturalRead More →

Darryl Dyck/AP Protests are taking place around the world following Russia’s invasion of Ukraine. Russian President Vladimir Putin’s war on Ukraine could raise global inflation by around 1%, but still slow interest rate hikes by central banks around the world, according to Singapore-based Capital Economics. Capital Economics said there wasRead More →

LONDON–(BUSINESS WIRE)–February 7, 2022– Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of market data, technology and infrastructure, today announced that futures and options on the ICE SONIA Index, the benchmark contract to manage sterling interest rate risk hit a record single-day volume of 916,964 contracts on February 3,Read More →

After much speculation, the central bank voted in December to raise the base rate to 0.25%, after holding back on fears over the strength of the jobs market. Any remaining labor market concerns were dismissed this morning, with data from the Office for National Statistics showing employment continuing to rise.Read More →

Following the Bank of England’s (BoE) interest rate hike from 0.1% to 0.25%, many industry figures quickly reacted to the news. The Monetary Policy Committee voted eight to one to increase the rate following increased pressure from the International Monetary Fund (IMF). Kate Davies, executive director of IMLA, said theRead More →

Bank of England chief economist Huw Pill said the UK central bank will have to make a “live” decision on interest rates at an upcoming meeting in November. However, Mr Pill added that an upcoming interest rate hike would be “finely balanced”. Mr Pill also raised the possibility of sharpRead More →

New oi-Kuntala Sarkar | Update: Saturday 23 October 2021, 13:54 [IST] Federal Reserve Chairman Jerome Powell has officially announced that the US economy is ready to cut back on asset purchases by the US Fed, however, he doesn’t think this is the right time to raise the rate. interest. PowellRead More →

Britain’s short-term cost of borrowing hit its highest level in nearly two and a half years, as the City’s prices in a UK interest rate soon rise. The yield, or interest rate, on UK two-year gilts hit their highest level since May 2019 this morning. Two-year gilt yields hit 0.75%,Read More →

Lord Heseltine, who served as Margaret Thatcher’s deputy prime minister, warned Britain was heading for a “wicked” interest rate hike. Speaking to Sky News this morning, he said if he were chancellor, “I would be extremely worried.” The Conservative Party stalwart warned that a series of economic crises would comeRead More →

The Reserve Bank of India (RBI) once again maintaining the status quo on key rates, borrowers can enjoy low interest rates on loans for some time yet. At its bimonthly Monetary Policy Review meeting on August 6, 2021, the RBI announced that it was once again keeping its policy ratesRead More →