Money Talks

Central banks raise rates in bid to tame soaring inflation

Historic jump in borrowing costs takes place in the world's largest economy. Rising prices of food, fuel and other products have driven the US Federal Reserve to hike its benchmark interest rate by a three-quarters of a percentage point. That's the sharpest increase in interest rates since 1994. Other central banks are also swinging into action to tame rising prices. The Bank of England raised its lending rate by 25 basis points to 1.25% and the European Central Bank says it intends to raise rates multiple times this year. We spoke to Claus Vistesen, chief Eurozone economist at Pantheon Macroeconomics. He joined us from London. #InterestRates #Inflation #MonetaryPolicy

Federal Reserve keeps benchmark rate steady

Federal Reserve keeps benchmark rate steady

Turkey hikes 2018 inflation outlook to 23.5% | Money Talks

Turkey hikes 2018 inflation outlook to 23.5% | Money Talks

Turkish central bank keeps policy rate steady | Money Talks

Turkish central bank keeps policy rate steady | Money Talks

Bank of England holds interest rate at 0.75% | Money Talks

Bank of England holds interest rate at 0.75% | Money Talks

Oil prices slump on optimism of fresh supply from Iran

Oil prices slump on optimism of fresh supply from Iran

China's central bank cuts key lending rates to boost economy

China's central bank cuts key lending rates to boost economy

Drought worsens Europe's energy crisis

Drought worsens Europe's energy crisis

New tech makes realistic faces possible in Metaverse

New tech makes realistic faces possible in Metaverse

Kenya’s president candidates pledge income support for jobless youth

Kenya’s president candidates pledge income support for jobless youth

Market Movers: Semiconductor competition heats up

Market Movers: Semiconductor competition heats up

US consumers get relief as inflation moderates in July

US consumers get relief as inflation moderates in July

OPEC+ oil cartel missed daily production target in July

OPEC+ oil cartel missed daily production target in July

US consumer prices rose 8.5% in July, down from June's 9.1%

US consumer prices rose 8.5% in July, down from June's 9.1%

China inflation accelerated to two-year high of 2.7% in July

China inflation accelerated to two-year high of 2.7% in July

Meme-stock rally returns to Wall Street, lifting struggling firms

Meme-stock rally returns to Wall Street, lifting struggling firms

Crude oil, natural gas prices slump as investors fear recession

Crude oil, natural gas prices slump as investors fear recession

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