UK Economy Shrinks, Escalating Risk of Recession
The UK economy unexpectedly shrank in the third quarter, raising the possibility…
Turkey Implements Another Interest Rate Hike Alongside New Tightening Measures
Turkey’s central bank delivered its seventh straight interest-rate hike as part…
Swiss Franc Hits Highest Level Against Dollar Since 2015
The Swiss franc jumped to its highest level against the dollar since…
China's Big Banks Adjust Deposit Rates, Indicating a Move Towards Policy Easing
China’s biggest state-owned banks are slashing deposit rates again, fueling expectations…
Co-Op Bank of UK Engages in Exclusive Merger Talks with Coventry
British lender Co-Operative Bank said it’s in “exclusive discussions” with Coventry…
Brazil Central Bank Adjusts Downward 2024 Economic Growth Forecast
Brazil’s central bank trimmed its 2024 economic growth forecast as strong…
Public Disclosure Policy Introduced by Fed's Regional Banks
The Federal Reserve’s 12 regional banks adopted a limited policy for…
RBA Anticipated to Lag Behind Global Peers in Shifting Towards Interest Rate Cuts
Australia’s central bank was slow to respond to mounting inflation pressures…
Mexico Confronts Unfavorable Inflation Developments Amidst Holiday Spending Spike
Mexico’s consumer prices rose more than expected in early December as…
Royal Bank of Canada Receives Approval for $10 Billion Purchase of HSBC Unit
Canada on Thursday approved Royal Bank of Canada’s (RY.TO) C$…
Czech Central Bank Initiates Rate-Easing Cycle with a 25 bps Cut
The Czech National Bank (CNB) started an interest rate-easing cycle on Thursday…
Egypt Central Bank Maintains Steady Interest Rates Amidst Dropped Growth
Egypt’s central bank kept its overnight interest rates unchanged on Thursday…