reach Archives - Global Banking Monitor

US Short-Term Inflation Expectations Reach Lowest Point Since 2021

US consumers remained sanguine about the inflation outlook as 2023 drew to a close, contributing to a robust rebound in sentiment. Americans expect prices will...

Americans Reach Record $1 Trillion Credit Card Debt

Credit card debt hit $1 trillion for the first time on record, according to new data, a troubling development as interest rates and delinquencies...

Bank of England Warns of High Rates as Borrowing Costs Reach 15-Year Peak

The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday,...

Bank of Japan Increases Bond Purchases as 10-Year JGB Yields Reach 9-Year High

Japan's benchmark 10-year government bond yield surged to a nine-year high on Monday, spurring the central bank to conduct unscheduled bond buying to slow...

Turkey’s Central Bank Projects Inflation to Reach 58% — Double Previous Estimate

Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news...

Bank of England Rates Expected to Reach 5.75% According to Reuters Poll

The Bank of England will raise its Bank Rate by a quarter-point to 5.25% on August 3, making borrowing the costliest since early 2008,...

Standard Chartered’s Global Reach: Bridging Continents and Linking Markets

In a world that grows increasingly interconnected, the UAE has emerged as a central hub for fostering global trade and investment. Standard Chartered UAE...

Pakistan’s Forex Reserves Reach 9-Month High, Boosted by IMF Bailout

Pakistan’s foreign exchange reserves rose to about a nine-month high after the South Asian nation secured a fresh financial bailout from the International Monetary...

Former BOE hawks predict UK interest rates to reach the “pain level” of 6%

Hawkish former Bank of England rate-setters warned that interest rates will need to soar as high as 6% to stamp out inflation, a level...

Sun Life CEO Predicts Interest Rates to Reach a Stable Level

Investors and businesses should get used to interest rates hovering around these levels for at least the next year, according to the head of...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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