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World News

ECB raises Eurozone interest rates to 2.5%

The European Central Bank (ECB) has raised interest rates again, but by less than its two most recent hikes. The main rate has increased by 0.5 percentage points to 2.5%,

United Kingdom

Highest interest rates rise since 1989 despite 'looming recession'

UK finance minister Jeremy Hunt said Thursday's 0.75% hike by the Bank of England would be "very tough" for families with mortgages and businesses with loans.

Turkey

Annual inflation in Turkey reaches record 25-year high of 85.5%

Turkish President Recep Tayyip Erdogan believes that high-interest rates encourage inflation and lead to higher prices.

Money

Inflation in Turkey tops 83% as Erdogan vows more rate cuts

While most Western countries are in the process of raising interest rates to keep inflation in check, Turkey is doing the exact opposite.

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Europe News

ECB announces largest interest rate hike in bid to fight inflation

The ECB's three key interest rates were each raised by 75 basis points.

Money

Inflation: What are governments doing to ease the financial pain?

As record inflation bleeds the pockets of people dry with rising living costs, can your government do anything to help? This is what some are doing.

United Kingdom

Big interest rate hike in UK as Bank of England predicts recession

The country's central bank also announced the biggest interest rate hike in over 27 years in an attempt to curb the economic fallout caused by the war in Ukraine.

Money

Why Bitcoin and other cryptos are bracing for a tough week ahead

Cryptos have borne the brunt of a massive ripple effect since the Terra saga but decisions in the US could put even more pressure on digital assets.

Economy

ECB announces larger-than-expected interest rate hike

The European Central Bank has raised interest rates for the first time in 11 years by a larger-than-expected amount, joining steps already taken by the US Federal Reserve and other major central banks to target stubbornly high inflation.

USA

US Federal Reserve attacks inflation with largest rate hike since 1994

The Fed’s decision to raise its key interest rate by 0.75% is seen as an acknowledgement that it's struggling to curb inflation.

Economy

Eurozone to get its first interest rate hike in 11 years next month

The European Central Bank will hike interest rates in July in a bid to tame inflation.

United Kingdom

UK interest rate hike is 1st in a top economy amid pandemic

The Bank of England raised interest rates in the United Kingdom to combat surging consumer prices, becoming the first central bank among the world’s leading economies to do so since the COVID-19 pandemic began.

Money

Protests in Turkey's cities after lira plunges to new historic low

The Turkish lira has dropped 40 per cent in value since the start of the year, shedding as much as 15 per cent on Tuesday alone.

Economy

EU and US central banks signal 'not just yet' to interest rate hikes

ECB President Christine Lagarde said an increase to policy rates next year is 'very unlikely'.

Earth News

Why going green is the best way to get a cheap mortgage

What is a green mortgage and why should you be investing in an energy efficient home?

Business

COVID-19 spread prompts Federal Reserve to slash rates

The Federal Reserve cut its benchmark interest rate by a half-percentage point in an effort to boost the economy in the face of the spreading coronavirus.

USA

US Federal Reserve cuts interest rate, citing weak global growth

The US Federal Reserve lowered its interest rate on Wednesday due to weak global growth and trade uncertainty. Could the cut affect Europeans?

Turkey

Erdoğan has dismissed the governor of Turkey's central bank

President Erdoğan has dismissed the governor of Turkey's central bank in a move that has prompted concerns about the bank's independence

World News

Is it unfair for the ECB to use interest rates to compete with the US?

A war of words has erupted between Donald Trump and Mario Draghi over Europe's efforts to boost its economy. Who's right?

Business

US Federal Reserve hikes interest rate

The US Federal Reserve hikes interest rate, predicts three more years of economic growth.

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