Ahmed Hatem/Anatolia The World Gold Council said global central banks added 31 tonnes of gold to their international reserves last October, hitting the highest levels since 1974. The Gold Council said in its monthly report on Sunday that central banks maintained their appetite and increased their holdings to 36,782 tonnes last October. The world’s official … Read more
On Wednesday, Aug.17, Ghana’s central financial institution resolved to elevate its benchmark desire amount by 300 foundation factors to 22% at an unexpected emergency meeting amid hyperinflation. Ghana’s amount hike will come just a few months right after preserving monetary plan unchanged at 19%, as did the central bank’s statement at the time it was … Read more
Central banks raise interest rates in response to inflation. This has consequences for mortgage interest rates. After the recent significant increase in fixed-rate mortgages, the situation has stabilized at a higher level, according to a study by Moneypark. – sda – KEYSTONE/CHRISTIAN BEUTLER Ad the essentials in brief According to the study, there are signs … Read more
The war in Ukraine determines the summit of the group of economically strong democracies (G7). Will Chancellor Scholz and the other G7 countries agree on further aid in Elmau? Long-term support for Ukraine is one of Olaf Scholz’s (SPD) key goals at his first G7 summit as chancellor. Just over a month ago, the group’s … Read more
Photo: Bloomberg – After almost two years of solid profits in the stock markets, will we return to the horror train? The answer is that, due to higher debt levels, declining liquidity support for central bank markets and the rise of index funds, Michael Howell, managing director of Crossborder Capital and author of Capital Wars: … Read more
23.08.2021 14:21 Uhr – 02:47 min Dofel on the monetary policy conference The financial world is looking forward to Jackson Hole The financial world looks to Jackson Hole. Because from Friday, central bankers and economists will be discussing international monetary policy in the small US town. In particular, the speech by US Federal Reserve Chairman … Read more
The most important events and reports on the economy, central banks and politics from the Dow Jones Newswires program. Federal government: EU approves funding guidelines for commercial vehicles with alternative drives The funding guidelines for commercial vehicles with alternative drives submitted by the Federal Ministry of Transport for notification have received the green light from … Read more
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A shift to tighter monetary policy is rapidly gaining ground in Latin America, while Chile indicates that it is ready to raise its benchmark interest rate from a record low in July. Chile’s monetary policy makers this month considered raising borrowing costs 25 basis points as the economic recovery gathers momentum, according to minutes from … Read more
The most important events and reports on the economy, central banks and politics from the Dow Jones Newswires program German retail trade suffers heavy losses with lockdown The ongoing lockdown brought about a sharp drop in sales in the German retail sector in January. As the Federal Statistical Office (Destatis) announced on the basis of … Read more
We continue with empty stadiums, no tourists, no nightlife and no big events. Much of the activity is still in hibernation and we have not yet assessed the damage caused in the most affected sectors. However, the financial markets, led by the American stock market, are going from strength to strength. It seems as if … Read more