The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
At its April 30 meeting, the Board of the Central Bank of Armenia decided to reduce the Refinancing Rate by 0.25 percentage points, setting it at 8.25%. The Lombard Repo Facility Rate was set at 9.75%. The Deposit Facility Rate was set at 6.75%.
Compared to the Japanese yen, the dollar has strengthened by almost 16% this year. Japan and South Korea aren’t happy about the currency gap.
Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthThe prospects of a summer cut in UK interest rates have receded after the Bank of England’s chief economist said inflation must be squeezed out of the economy and cautioned against cutting too soon.After a key survey signalled strong sales across the private sector over the past month and the London stock market rose to a record high, Huw Pill said concerns remained that inflation, which is...
The House of Representatives passed legislation over the weekend that would broaden sanctions against Iran's oil exports
BATON ROUGE - After 41 years of sitting in her cradle in downtown Baton Rouge, the USS Kidd is headed to Houma for some much needed repairs.“She was never designed to go up and down on a cradle like she's been sitting in for 41 years, and the plates where they join and that has to be strengthened form the inside," former Louisiana Congressman Henson Moore said.The Kidd was the 661st destroyer built by the U.S. Navy and launched in 1943, serving in both WWII and the Korean War. She was...
WEIRTON, W.Va. (WTRF) -- In December, the Pittsburgh-based steel company U.S. Steel agreed to sell the company to Japan’s largest steel manufacturer, Nippon Steel. Now, two U.S. Senators are calling on President Biden to look deeper into this sale and the effects it could have on the country. Just months after U.S. Steel agreed to []
President Joe Biden signed a bill Wednesday that could lead to a ban on TikTok, the popular social media app that U.S. lawmakers have said is susceptible to data manipulation by the Chinese Communist Party — and a platform that Biden's own re-election campaign is using to reach young voters. The bill gives TikTok's China-based parent company, ByteDance, up to one year to sell the app or be banned from the U.S. Yet despite the looming court fight over ByteDance's divestment and the persistent...
The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
Treasury's Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel.
Canadian investors and borrowers are on the edge of their seats as they