Page 62 - Bon News Today

(Bloomberg) -- It’s hard to imagine a more chaotic world than the one we’re in right now—what with Russia’s war on Ukraine, a Covid-19 pandemic that won’t quit and the lockdowns spreading across China as a result. Now, add to the mix a debt crisis that’s threatening to cripple emerging markets.

(Bloomberg) -- Hungary’s central bank hiked its key interest rate after the country’s currency dropped the most in Europe this week and policy makers warned of a deteriorating inflation outlook. The one-week deposit gauge was lifted 30 basis points to 6.

(Bloomberg) -- Botswana increased its revamped interest rate to counter inflationary pressures stemming from Russia’s war with Ukraine. The central bank’s policy committee raised the yield on the main monetary operations instrument by 51 basis points to 1.

(Bloomberg) -- Argentina’s crypto frenzy is putting the energy grid of a small province in Patagonia near a breaking point as miners take advantage of generous electricity subsidies to mint Bitcoin.

(Bloomberg) -- Belarus will switch to servicing foreign debts from international aid banks in local currency after sanctions over its role in the invasion of Ukraine hampered payments.

(Bloomberg) -- U.S. cities and states are paying up to get muni deals off the ground as buyers gain more bargaining power -- a marked departure from the anything-goes market for sellers in the easy-money era.

(Bloomberg) -- Polish inflation accelerated to a 22-year high, even as signs emerged that the outbreak of the war in neighboring Ukraine is starting to weigh on economic growth. The surge in consumer prices by 10.

(Bloomberg) -- Zambian inflation slowed to a two-and-a-half year-low in April, easing pressure on the central bank’s monetary policy committee to raise interest rates when it meets next month. Consumer prices rose 11.5% from a year earlier, compared with 13.

(Bloomberg) -- Australian short-end bonds dropped to lead a reversal for global debt on Wednesday, after government data showed the hottest core inflation since 2009 spurred traders to bet the country’s central bank will make its largest interest-rate increase in two decades.

(Bloomberg) -- Hungary will extend caps on food and fuel as newly re-elected Prime Minister Viktor Orban delayed the presentation of potentially unpopular measures to confront a budget challenge.