Friday, January 21st, 2022

Tag: rates

Bank of England hikes interest rates to combat surging inflation

The central bank’s Monetary Policy Committee said Thursday that it would raise interest rates from the record low of 0.1% to 0.25%, the first such move by any major central bank since the start...

Turkish lira slides after Erdogan doubles down on rates policy

Turkish Lira stock photo herkisi The Turkish lira slid to a near record low on Tuesday after fresh statements from Turkish President Recep Tayyip Erdogan opposing any interest rate increases. The currency hit a...

Fed ready to raise interest rates if inflation continues to run high, minutes show

Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising. The committee that sets interest rates for...

Entirely possible that we’ll see low interest rates forever

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images Interest rates could remain at their record lows “forever,” according...