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

Turkish start-up provides innovative way to fight food waste

Turkish start-up provides innovative way to fight food waste

Market Movers: US inflation data hurt market optimism

Market Movers: US inflation data hurt market optimism

EU proposes $140B windfall tax on energy companies

EU proposes $140B windfall tax on energy companies

China industrial production, retail sales beat expectations

China industrial production, retail sales beat expectations

Oil edges higher on potential US rail stoppage

Oil edges higher on potential US rail stoppage

US stocks fall after hotter than expected inflation report

US stocks fall after hotter than expected inflation report

Dollar slips and US stocks make gains ahead of inflation report

Dollar slips and US stocks make gains ahead of inflation report

Oil prices drop amid China COVID curbs, possible rate hikes

Oil prices drop amid China COVID curbs, possible rate hikes

New British PM Liz Truss faces worsening cost-of-living crisis

New British PM Liz Truss faces worsening cost-of-living crisis

Aviation giants gear up to launch their own flying car models

Aviation giants gear up to launch their own flying car models

Vessels start sailing as fishing season begins in Türkiye

Vessels start sailing as fishing season begins in Türkiye

EU sets out plan to rein in energy prices, boost supplies

EU sets out plan to rein in energy prices, boost supplies

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