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Bank Economy Finance

China Cuts Key Rates due to Disappointing Economic Data

Alonzo Powell Aug 15, 2022 0 Comments

On Monday, the central bank of China reduced its key lending rates in an unexpected move in order to give demand a boost. This was after economic data showed that there was an unexpected slowdown in the previous month, as…

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Economy Finance

US Economy Shrinking Due To Rate Hikes

Alonzo Powell Jul 29, 2022 0 Comments

On Thursday, the Commerce Department reported that the US economy had declined for the second quarter in a row. This was a day after the US Federal Reserve had increased its interest rate by 75 basis points, which saw it…

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Economy Finance

US Inflation Data Does not Offer Any Relief to Fed

Alonzo Powell Jul 2, 2022 0 Comments

New economic data released in the United States for the month of May had little immediate relief to offer from the red-hot rise in inflation. This is expected to drive the US Federal Reserve to make yet another aggressive hike…

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Bank Economy

Global Central Bank Chiefs Give Priority to Inflation Over Growth

Alonzo Powell Jun 30, 2022 0 Comments

On Wednesday, the respective heads of different central global banks attended an event in Portugal. The chiefs said that while it would be painful to bring down the soaring inflation in markets all over the world and there was a…

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Bank Economy

World Bank Suggests Changes to Sovereign Debts Due to Looming Crisis

Alonzo Powell Jun 28, 2022 0 Comments

A senior official from the World Bank has called for introducing some changes in the laws applicable to sovereign debts. The purpose of the changes would be to provide more control to the governments in times of crisis and give…

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Money Kites

Money Kites is a finance & investment news agency where you can discover news about the economy, online trading, cryptocurrencies, real estate, stocks and detailed reviews of online brokers and exchange. None of the information you read on Money Kites should be regarded as investment advice. Conduct your own research before making any investment decisions.

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