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Interest Rates

Turkey’s central bank raises interest rate to 17.5%, but falls short of expectations

by Adrian Jhonsan
Turkey’s central bank raises interest rate to 17.5%, but falls short of expectations

Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank on …

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Categories World

Concerns rise as Reserve Bank considers increasing interest rates due to steady national unemployment rate of 3.5%

by James Odonell
Concerns rise as Reserve Bank considers increasing interest rates due to steady national unemployment rate of 3.5%

The resilience of the jobs market continues to beat expectations and keep pressure on the Reserve Bank to lift interest rates even further. The official labour force data showed the …

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Categories Politics

Winning the Battle Against Inflation Remains a Far-fetched Goal

by Adrian Jhonsan
Winning the Battle Against Inflation Remains a Far-fetched Goal

A food shopper searches for vegetables July 1, 2023 at the Hannaford supermarket in South Burlington, Vermont. Robert Nickelsberg | Getty Images Despite recent signs of cooling inflation, the battle to …

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Categories World

The Potential Mistake of Declaring Victory over Inflation Prematurely

by Adrian Jhonsan
The Potential Mistake of Declaring Victory over Inflation Prematurely

Last week, consumer inflation numbers reached their lowest annual rate in two years. The producer price index also showed a decline, increasing speculation that the Federal Reserve can successfully achieve …

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Categories World

Japan’s finance minister declares absence of exchange rate deliberations at G7 talks

by Craig Fedirighi
Japan’s finance minister declares absence of exchange rate deliberations at G7 talks

There was “no discussion” about exchange rates at a meeting of Group of Seven finance ministers and central bank chiefs, Japanese Finance Minister Shunichi Suzuki said on Sunday, according to …

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Categories Business

DBS reveals Singapore’s gig workers as highly impacted by inflation and interest rates

by Adrian Jhonsan
DBS reveals Singapore’s gig workers as highly impacted by inflation and interest rates

A DBS study conducted in May 2023 found that gig workers were the most financially stretched, with relatively less stable income flows and savings declining year on year to an …

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Categories World

Nobel Laureate Economist Deems Further Hikes Unnecessary

by Adrian Jhonsan
Nobel Laureate Economist Deems Further Hikes Unnecessary

Nobel Prize-winning economist Christopher Pissarides believes there’s no need for the Federal Reserve to keep raising interest rates in the coming months, saying policymakers at the U.S. central bank should …

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Categories World
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