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Wednesday, March 22, 2023
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CATEGORY

ECONOMY

Bank of England Confirms CBDC Launch By 2025

The Bank of England and HM Treasury are launching a consultation into a retail central bank digital currency (CBDC), a “digital pound” which is to be launched...

Bank of England Raises Interest Rate To 4%

The Bank of England has hiked interest rates by 0.5 percentage points taking the base rate to 4 percent. This is the tenth increase...

Yellen tells Congress US expected to hit debt limit next week

Treasury Secretary Janet Yellen has notified Congress that the US is projected to reach its debt limit on Thursday and will then resort to...

Bank of Japan loosens bond yield cap in surprise move

The Bank of Japan has broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and hit stocks in...

Market Snapshot: Stocks mixed moves following rate hikes

The Bank of England (BoE) and US Federal Reserve raised their interest rates by 75 bps last week. European equities rose in value, whilst...

Rate hikes continue – ECB raises rates by 0.75%

The ECB raised its key policy rate by 75bps from 0.75% to 1.59%, reaching its highest level since 2009. The ECB also made changes to...

Central banks under stress as bond yields rise

The Bank of England (BoE) revealed measures taken to further ease the strain on pension funds. These decisions followed after increased pension fund stress...

Hungary fines Ryanair for raising ticket prices to cope with Covid recovery tax

Hungary has accused Ryanair of consumer protection violations and fined it more than £600,000 after the budget carrier raised ticket prices to cope with...

Bank of England confirms largest interest hike in over 25 years as long recession looms

The Bank of England (BoE) raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on...

European Central Bank vows to create backstop against market turmoil

The European Central Bank (ECB) has vowed to create an unspecified market backstop that could be used to buffer some countries against bond market...

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