On Wednesday, the central bank of New Zealand delivered its seventh consecutive increase in interest rates. In addition, the monetary authority also signaled that it would continue to maintain a hawkish stance in terms of monetary policy tightening in the…
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…
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…
On Tuesday, the International Monetary Fund (IMF) cut its forecast for global growth and warned that risks of downside from the Russia-Ukraine war and high inflation were finally materializing. It also warned that if these issues were left unchecked, they…
On Wednesday, official data showed that inflation numbers continue to soar in Canada at their fastest rate. Such a rise in prices was last seen in the country in January 1983, but since the rise was not as sharp as…
Alonzo Powell