NZ Central Bank Signals Aggressive Monetary Policy Tightening

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 next few months in order to control inflation. Rate hike Some traders were taken by … Read more

IMF Cuts Forecast For Global Growth And Issues Recession Warning

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 could drive the global economy to the brink of a recession. Economic outlook darkens Updating … Read more