Pressure is piling on public finances as the sharp rise in global interest rates since the beginning of the year means that countries are having to pay more to borrow, just as economic growth risks are being snuffed out by high inflation and disruptions in supply chains. Nevertheless, the specter of another debt crisis – … Read more
The Central Bank of Russia on Thursday lowered its interest rates to 11% at an off-scheduled policy meeting and said it saw room for more cuts this year, citing easing inflation that slows from more than 20-year highs and as the economy heads toward to contraction. It announced the move, which followed two previous 300 … Read more
Turkey’s central bank on Thursday held its benchmark policy rate unchanged for the fifth consecutive month, in line with market expectations, in a move that comes amid expectations of a further rise in inflation. The one-week repo rate was kept at 14%, where it has been since January when the Central Bank of the Republic … Read more