Turkey Slashes Interest Rates to Single Digits Amidst Roaring Inflation
After being constantly pressed by Turkish President Resep Tayyip Erdogan, the benchmark rate was cut by ...
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Tag: inflation
Saudi Arabia in discussions to deposit $5 billion at the Turkish Central Bank
Saudi Arabia’s huge deposit will be a major boost for President Recep Tayyip Erdogan’s efforts to ...
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Roaring Inflation Dominates Eurozone, ECB on Foot of Challenge
Eurozone encountered a price increase sharply after the Russian aggression on Ukraine was initiated and Moscow ...
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Australia CPI inflation Hits 32-year Record High, Rings Warning Bell for the Nation
Prices soared from 6.1% to 7.3% at a pace at least three times faster than average ...
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IMF Warns Rising Prices Will Be Worse in the UK
Chancellor Kwasi Kwarteng’s critical tax-cut policies to kickstart economic growth faced compounding backlash from the IMF ...
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Central Bank of Europe ready to ‘stamp out’ surging inflation in 2022
On Tuesday, the head of the Central Bank of Europe said it would gradually combat soaring ...
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Sales in Tesco UK fall, as new cost of living pressure increases in Q2
Tesco Plc said sales in the UK are falling amid an unprecedented increase in the cost ...
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First fatality of Sri Lankan protests in 2022
The first fatality of Sri Lankan protests happened on Tuesday. Sri Lanka has been at the ...
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Bank of England increases interest rate to 0.5% to curb inflation
The Bank of England surged its primary interest rate as a fragment of a measure package ...
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Singaporean taxes expected to increase in 2022; central bank stiffens fiscal policy
The Monetary Authority of Singapore will likely focus on allowing the local currency to escalate further
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