BOE Raises Key Rate to 4.5%, Saying Further Hikes May Be Needed
The Bank of England raised its benchmark lending rate to the highest level since 2008, with Governor Andrew Bailey saying further increases may be needed to…
Source: financialpost.com
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Consumption – prices in April: the CPI almost stable at 131 points
The Year-On-Year inflation rate, which was at 11.8% in January, fell to 8.3% in April 2023, from 11.0% in April 202. This is indicated by the latest Bulletin of Statistics Mauritius.
Source: business.mega.mu
![[CONTRIBUTION] Inflation fighter Fed's dilemma - Vimarsana News](https://koreatimes-bucket.s3.ap-northeast-2.amazonaws.com/IMAGE/upload/newsV2/images/202303/0248bc38753e4d6f9b56d5a2487c4e40.jpg)
[CONTRIBUTION] Inflation fighter Fed's dilemma
Financial crises come unexpectedly. They spread quickly like dominoes, starting with weak links and resulting in the paralysis of the financial system in an instant. The 2008 global financial crisis began with the subprime mortgage crisis and led to a chain of bankruptcies of world-class investment banks, including Lehman Brothers.
Source: koreatimes.co.kr
Bank of England Raises Key Rate to 4.25% From 4% Per Annum
The Bank of England announced on Thursday that it had increased the key rate by 0.25 percentage points, to 4.25% from 4% per annum.
Source: sputniknews.com
Central bank in dilemma
In anticipation of a possible slowdown in surging inflation, the central Bank of Korea (BOK) kept the key interest rate unchanged at 3.5 percent last week. The BOK's decision put an end to seven straight rate hikes that have taken place since August 2021.
Source: koreatimes.co.kr