Inflation is peaking for three reasons ... read them here. Moneyweb SouthAfrica economy interestrates
Interest rates, much like record summer temperatures in Europe, continue a relentless march higher across the globe. Reported inflation rates in many countries are also still rising and continue to dominate the agenda for investors at home and abroad. The former is of course responding to the latter. There is a key difference, however. The inflation numbers that are now being reported are backward-looking.
For the European Central Bank , its key interest rate was still negative on a nominal basis, before last week’s bigger-than-signalled hike. But that increase only takes the ECB’s key policy rate to 0%. More increases lie ahead. Developed market policy interest rates Source: Refinitiv Datastream The ECB faces the additional problem that it makes policy for a group of very different countries.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here is how rising interest rates can affect your financesSPONSORED | StandardBankZA Before you opt for a personal loan in the rising interest rate environment, you'll want to consider whether there may be less expensive ways you could borrow to finance your needs.
Read more »
WHO declares Monkeypox a global health emergency amid rising cases: Prof Ramneek AhluwaliaICYMI WHO has declares MonkeypoxVirus a global health emergency amid rising cases. The WHO Director-General Dr. Tedros Adhanom Ghebreyesus says the disease has now been found in 75 countries.
Read more »
Ousting of Mr ‘Voltswagen’ should cool tensions, but Blume faces tough taskHerbert Diess was toppled after shocking once too often for the liking of VW's family owners, the Porsche and Piech clan
Read more »
Ousting of Mr ‘Voltswagen’ should cool tensions, but Blume faces tough taskHerbert Diess was toppled after shocking once too often for the liking of VW's family owners, the Porsche and Piech clan
Read more »
Endurance racing brings the heat to East London | The CitizenEvent consisted of two rounds over a combined four hours.
Read more »