The Bank of Canada discussed delaying a hike to its key overnight rate at the last meeting before deciding on a raise to ensure progress in dampening inflation did not stall, according to minutes published on Wednesday. The bank announced a 25
The Turkish lira has sunk to a new low just a day after the country nearly doubled its main interest rate, reversing one of President Recep Tayyip Erdogan’s unorthodox economic policies. Experts have warned that they expect the lira to “continue tanking”
Turkey’s central bank delivered a large interest rate hike on Thursday by raising its key rate by 6.5 percentage points, boosting it to 15 percent. The increase is a significant jump from the current 8.5 percent and is the first since March 2021.
Nigel Farage insisted a Brexiteer should have been made governor of the Bank of England as he hit out at Andrew Bailey over interest rate hikes. The politician-turned-broadcaster claimed the “economic incompetence with which this country is now being led beggars belief”.
Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China’s central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is
A group of veterans recently challenged themselves physically to make a difference in regard to PTSD, as June is PTSD Awareness Month. Seven combat-wounded veterans just completed a five-day PTSD Century Hike across Kansas and Missouri to raise PTSD awareness. PTSD, or
Britons could be plunged back into soaring fuel prices as Saudi Arabia announced they would be withholding one million barrels of oil per day, amounting to roughly one per cent of global supply. The decision came after a tense seven-hour meeting between
The Bank of England will have to raise interest rates to at least six percent to tame inflation, according to several former rate-setters. In a bid to tackle rising prices the Bank has raised its base rate twelve times in a row,
The majority of Americans oppose raising the Full Retirement Age (FRA), according to a new Quinnipiac poll. Some 78 percent of respondents are against the proposal to hike the FRA for Social Security benefits from 67 to 70. This opposition against an
Meghan Markle wore jewellery originally owned by Princess Diana, and worth a staggering £150,000 in a fitting tribute over the Coronation weekend. The 41-year-old was pictured out on a hike with some close friends as her husband’s family continued to mark the