Wang Tao: How Far Will China's Yuan Depreciate The yuan could weaken further against the U.S. dollar in the coming months, ending the year at 6.9 Caixin Global · May 6, 2022
FOREX-Dollar near 20-year Highs amid Global Markets Rout The dollar index hovered near 20-year highs against major peers on Friday, as market sell-offs in the face of global recession fears propped up the safe haven currency. European stocks opened lower and were heading for their worst week in two months, following a rout on Wall Street, Reuters said.… Asharq Al-Awsat · May 6, 2022
The fudging is over, as monetary policy committee predicts 10.2% inflation The pound slides following gloomy forecasts and confusion within the Bank of England The Guardian - UK · May 5, 2022
Scoop Up These 5 High-Quality Tech Stocks Down 20% or More Concerns over the Federal Reserve’s monetary policy tightening, and intensifying supply chain disruptions have driven the tech sector to a sell-off of late. However, considering technology products and services’ solid long-term growth prospects we think it could be an opportune time to buy high-quality tech stocks Accenture (ACN), Taiwan Semiconductor… StockNews.com · May 5, 2022
2 Mega-Cap Stocks Wall Street Predicts Will Rally More Than 60% Because macroeconomic and geopolitical concerns are expected to fuel market volatility in the near term, mega-cap stocks could be safer bets because of their ability to be resilient in tough times. Thus, Wall Street analysts expect quality mega-cap stocks Alibaba Group Holding Limited (BABA) and NVIDIA Corporation (NVDA) to gain… StockNews.com · May 5, 2022
'RBI wants smooth policy measures; prefers smaller rate hikes' MUMBAI: Battling a sharp surge in inflation, the Reserve Bank is all for a smooth monetary policy response and the desire to have smaller hikes led it to tighten the policy in an off-schedule meet, a source said on Thursday. The Times of India · May 5, 2022
Bank of England raises rates and warns of recession Were I the UK’s governing party, I would choose not to have my central bank raise interest rates, predict double-digit inflation and warn of a recession halfway through polling day. But such are the joys of Bank of England operational independence. Evening Standard · May 5, 2022
Economists warn on stagflation but conflicted on future rates rises Experts are predicting further rates rises but warn it will be difficult for the Bank of England to control inflation without risking recession. The Independent UK · May 5, 2022
Will my mortgage go up? What the Bank of England interest rate rise means for you Interest rates have hit 1% - their highest level for 13 years Wales Online · May 5, 2022
Recession: the price Britain will pay to control inflation Analysis: As the Bank of England raises interest rates the message is clear – the 1970s are back The Guardian - UK · May 5, 2022
Alarm for cost-squeezed firms as interest rates hiked to 1% Rising costs will hammer household and business finances, but the Bank said “this was something monetary policy was unable to prevent”. Birmingham Post · May 5, 2022
Bank of England hikes interest rates and issues recession warning UK interest rates have been raised amid warnings the economy will go into reverse and that inflation will peak at more than 10. The National (Scotland) · May 5, 2022
Interest rates soars to 13-year high as Bank of England warns energy bills will soon hit £2,800 It is a crippling cost of living crisis Manchester Evening News · May 5, 2022
Bank of England warns of recession in UK as interest rates hiked to 1% The Bank of England increased interest rates as it battles against rising inflation and warns that the economy will go into reverse this winter. Daily Record · May 5, 2022
The Independent UK · May 5, 2022 Bank hikes rates to 1% and warns cost crisis will send economy into reverse Members of the Bank’s nine-strong Monetary Policy Committee voted 6-3 to increase rates from 0.75% to 1%, the highest level for 13 years.
Wales Online · May 5, 2022 Bank of England raises interest rate to 1% - a 13-year high The change will mean higher mortgage costs and increased charges for anyone in debt or who is borrowing
Bangkok Post · May 4, 2022 Thai interest rate policy needs changing On March 16, the Federal Open Market Committee (FOMC), the US equivalent of Thailand's Monetary Policy Committee, raised its policy interest rate (Fed Funds Rate) by 25 basis points from 0.00%-0.25% to 0.25%-0.50% to tame rising inflation.
StockNews.com · May 4, 2022 3 Dividend Kings to Buy Right Now Without Hesitation The stock market indexes drifted higher yesterday with investors looking ahead to the Federal Reserve's monetary policy tightening to control surging inflation. However, the Ukraine-Russia war, extended COVID-19 lockdowns in China, and the possibility of an economic slowdown, could keep the stock market under pressure in the near term. Amid…
The Hindu · May 4, 2022 Inflation control needs another model Lasting inflation control would require placing agricultural production on a steady footing
The Conversation · May 4, 2022 Fed hopes biggest rate hike in 22 years tames inflation without recession or stagflation: 3 essential reads on what it all means The Federal Reserve on May 4, 2022, lifted its benchmark interest rate by half a percentage point to a range of 0.75% to 1%, its biggest increase in 22 years. The aggressive move, which has been expected for many months, is part of the U.S. central bank’s effort to slow…
The Hindu · May 4, 2022 Inevitable increase: On RBI’s interest rate hike The RBI’s increase in interest rates was long overdue
The Independent UK · May 4, 2022 Mortgage borrowers face squeeze on living costs as Bank of England poised to raise rates Bank of England expected to raise base rate to highest level in 13 years as walks ‘very fine line’ between cooling inflation and avoiding recession
The Guardian - UK · May 4, 2022 Independence day: why Gordon Brown gave the Bank the right to set interest rates Analysis: New Labour’s chancellor revealed his plan to a surprised Eddie George and his private secretary, now governor, Andrew Bailey
The Hindu · May 4, 2022 RBI surprises with 40 bps rate increase amid inflation ‘alarm’ RBI governor Shaktikanta Das says MPC of RBI met in an off-cycle meet and decided to increase policy rates to help curb rising inflation
The Times of India · May 4, 2022 EMIs set to rise as RBI hikes repo rate by 40 bps to 4.40% NEW DELHI: In a surprise move, the Reserve Bank of India (RBI) on Wednesday hiked key repo rate by 40 basis points (bps) to 4.40 per cent amid rising inflationary pressures in the economy.