Turkey Hits the Brakes: Shock Rate Hike Signals End of Easing Cycle
In a move that caught markets off guard, Turkey’s central bank raised its benchmark interest rate from 42.5% to 46% on Thursday, effectively ending the easing cycle it began in December.
Europe Markets Open Lower Amid Chip Sector Decline
European markets started the day on a cautious note, with the pan-European Stoxx 600 index opening 0.8% lower following recent gains.
India Slashes Interest Rates Amid Global Trade Tensions
In response to escalating global uncertainties, India’s central bank has cut its key interest rate by 25 basis points to 6.00%, marking its second consecutive reduction this year.
EU Prepares Robust Response to Trump's Tariffs
Ursula von der Leyen, President of the European Commission, has unveiled a comprehensive strategy to counter United States President Donald Trump's latest tariff threats.
Asia Remains the Driving Force of Global Economic Growth
Despite rising global economic uncertainties, Asia continues to be a key driver of global growth, according to a report released at the Boao Forum for Asia (BFA) on Tuesday.
Bank of England Holds Rates Amid Economic Uncertainty
The Bank of England (BoE) is set to keep its key interest rate at 4.5% in its upcoming meeting, as economic challenges mount both domestically and internationally.
Bank of Canada Cuts Interest Rates Amid Warning of New Economic Crisis
The Bank of Canada has taken decisive action, slashing its key policy rate by 25 basis points to 2.75% amidst mounting concerns over inflation and economic slowdown exacerbated by trade tensions and tariffs imposed by President Donald Trump.
ECB Cuts Rates, Signals Less Restrictive Policy Ahead
In a significant move on Thursday, the European Central Bank (ECB) slashed its interest rates by 25 basis points, reducing the deposit facility rate to 2.5%.
ECB Poised for Rate Cut Amid Shifting Inflation Dynamics
European markets are adjusting expectations as the European Central Bank (ECB) prepares for its upcoming interest rate decision, influenced by recent U.S. inflation data.
Hong Kong Plans 10,000 Job Cuts and AI Investment to Tackle Deficit
Hong Kong is set to cut 10,000 civil service jobs by 2027 and invest heavily in AI to address its rising fiscal deficit.
UK Online Sellers Face Major US Tariff Shake-Up
UK-based independent sellers on platforms like eBay and Amazon could face severe sales declines in the US due to new import rules proposed by Donald Trump.
UK Interest Rates Too Restrictive, But Caution Needed on Cuts
The Bank of England’s recent decision to cut interest rates by 25 basis points was expected, yet it still surprised some economists.
Escalating Trade Tensions: U.S. and China Exchange New Tariffs
In a significant escalation of trade tensions, the United States has imposed a 10% tariff on all Chinese imports, effective immediately.
Bank of Japan Breaks Records with Highest Rate Hike in 17 Years
In a decisive move to combat rising inflation, the Bank of Japan (BOJ) is preparing to increase interest rates to their highest level in 17 years.