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Tag: Central Bank

Czech central banker Zamrazilova warns against big wage increases

Czech central banker Zamrazilova warns against big wage increases Czech central banker Zamrazilova warns against big wage increases

Czech central bank deputy governor Eva Zamrazilova warned that excessive wage demands would further fuel inflation, which is already the highest in three decades, and could force policymakers to repeat interest rate hikes. . Zamrazilova criticized a recent government deal to raise wages by 10 percent for some public sector employees, saying it could prompt […]

New Zealand: Central bank raises key interest rate by 50bp to 3%

New Zealand: Central bank raises key interest rate by 50bp to 3% New Zealand: Central bank raises key interest rate by 50bp to 3%

New Zealand’s central bank, as expected, raised its key interest rate by 50 basis points and said it would continue to tighten monetary policy, at least to the 4% level. The bank’s moves bring the Oceanian country to the forefront of the global tide of monetary policy tightening. The Monetary Policy Committee decided to raise […]

Mexico’s central bank raised its interest rates to an all-time high

Mexico’s central bank raised its interest rates to an all-time high Mexico’s central bank raised its interest rates to an all-time high

Mexico’s central bank raised its key interest rate to a record high as inflation hovers at a 21-year high, but pulled back on a hawkish timetable for monetary tightening through the end of the year. Banxico, as Mexico’s central bank is better known, hiked interest rates for the second straight time by 75 basis points, […]

Denmark: The central bank, following in the footsteps of the ECB, increased the key interest rate by 50 bp. at -0.1%

Denmark: The central bank, following in the footsteps of the ECB, increased the key interest rate by 50 bp. at -0.1% Denmark: The central bank, following in the footsteps of the ECB, increased the key interest rate by 50 bp.  at -0.1%

Denmark’s central bank, which has kept interest rates in negative territory for more years than any other country, followed the lead of the European Central Bank on Thursday and raised its key interest rate by a similar percentage (50 basis points) to avoid risk disconnection of the value of the Danish krone from the euro, […]

Because the ‘beast’ of inflation will be out of control for years – and it will change our lives

Because the ‘beast’ of inflation will be out of control for years – and it will change our lives Because the ‘beast’ of inflation will be out of control for years – and it will change our lives

By Allison Schrager We have awakened the beast and now we may have to learn to live with it. After more than 20 years of low, steady inflation, it’s rebounding—to over 9%—and may never return to pre-pandemic levels. We’ve already lost the advantages of our once economy: the low interest rates and wage increases that […]

The head of Poland’s Central Bank hints at when interest rate hikes may end

The head of Poland’s Central Bank hints at when interest rate hikes may end The head of Poland’s Central Bank hints at when interest rate hikes may end

Poland’s central bank governor Adam Glapinski was caught on camera telling a woman how to best take advantage of the country’s mortgage “holiday” and suggesting interest rates may only rise one more time, if at all. according to Bloomberg. A video posted on the YouTube channel of Agrounia, a farmers’ activist group, showed Glapinski and […]

China: The key lending rate remains the same

China: The key lending rate remains the same China: The key lending rate remains the same

China’s central bank kept its key lending rate stable at its monthly meeting as Beijing once again refrained from boosting its declining economy at a time when many other countries are tightening their monetary policy to tackle inflation. The central bank of China kept the one-year loan interest rate stable at 3.7%, while the corresponding […]

Surprise move by the central bank of Switzerland – Raises the key interest rate by 50 basis points

Surprise move by the central bank of Switzerland – Raises the key interest rate by 50 basis points Surprise move by the central bank of Switzerland – Raises the key interest rate by 50 basis points

LAST UPDATE: 12:29 The Bank of Switzerland (SNB) raised its key interest rate for the first time in 15 years today, aligning its policy with other central banks in tightening monetary policy to combat rising inflation. According to Reuters, the central bank raised its key interest rate to -0.25% from -0.75%, which has been in […]

Central Bank of Russia: ‘Sees’ economic turmoil and return to 4% inflation in 2024

Central Bank of Russia: ‘Sees’ economic turmoil and return to 4% inflation in 2024 Central Bank of Russia: ‘Sees’ economic turmoil and return to 4% inflation in 2024

Russia’s economy cannot survive indefinitely with its financial reserves and must be transformed to cope with the effects of international sanctions, Central Bank Governor Elvira Nabiullina said on Monday. In her most important speech since the start of the Russian invasion of Ukraine, Nabiullina estimated that inflation would return to the 4% target in 2024. […]

South Korea could have a prolonged period of high inflation

South Korea could have a prolonged period of high inflation South Korea could have a prolonged period of high inflation

South Korea could have high inflation for extended periods along with other countries as rising price risks rise, according to analysts at the Bank of Korea, according to Bloomberg. Expansionary fiscal policies and ample liquidity in global markets during the pandemic will continue to accelerate inflation, as there is a “time lag” in these policies, […]