The lira plunged 7 percent against the U.S. dollar, as a new finance minister promising “rational” economic policy takes charge
Tag: Interest Rates
World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
Bank of England Raises Interest Rates to 4.5%, Highest Level in 15 Years
The central bank lifted its benchmark rate a quarter point, to 4.5 percent, as part of its aggressive policy to tame inflation, but forecast that Britain was likely to avoid a recession.
After Doling Out Huge Loans, China Is Now Bailing Out Countries
Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
Global Economy May Be in a ‘Lost Decade,’ World Bank Warns
Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.
Your Thursday Briefing: U.S. Raises Interest Rates
Also, China and Russia grow closer and the U.S. waits for news of a possible Donald Trump indictment.
The Fed’s Unpleasant Choice
What’s worse: More inflation or more turmoil?
U.K. Inflation Swings Upward, to 10.4 Percent
Prices in Britain reversed a recent downward trend, rising 10.4 percent over the year through February.
Russia Central Banks Keeps It’s Key Interest Rate Steady Amid Inflation
The country’s central bank said inflation, at 12 percent, risked rising because of a growing budget deficit.
Skyrocketing Prices in Turkey Hurt Families and Tarnish Erdogan
Annual inflation is around its highest level in decades, devaluing salaries and devouring savings less than a year before President Recep Tayyip Erdogan runs for re-election.