Economic News Category

UK Government and BoE Pledge to Curb Inflation, Indicate High-Interest Rates May Persist The UK’s Finance Minister, Jeremy Hunt, has recently confirmed the government’s and the Bank of England’s (BoE) commitment to managing inflation and returning it to its 2% target. This assurance indicates that high-interest rates could persist for an extended period, a critical

Gold Nears Fourth Consecutive Weekly Decline Amid Rising Rate Hike Expectations The value of gold is approaching its fourth straight week of decline, driven by growing anticipation for hikes in interest rates. This sentiment has been fueled by recent U.S. employment data and statements from Federal Reserve policymakers hinting at sustained increases in interest rates.

China’s ability to implement monetary stimulus is limited as the yuan approaches a 15-year low As China’s yuan edges closer to a 15-year low against the dollar, the country’s capacity to stimulate its struggling economy via monetary policies is increasingly constrained. In Shanghai, the yuan was trading at 7.244 against the dollar at the end

Allianz’s Subran Warns of Increased Risk of Policy Mistakes from Fed or ECB Ludovic Subran, Chief Economist at Allianz, has warned of the potential for policy missteps by US or euro-zone policymakers as they seek to tighten monetary conditions. Such errors could pose a serious threat to the global economy. During an interview with Bloomberg

Quiet Market Witnesses Low Trading Volumes Amid US National Holiday The global financial markets recently experienced low trading volumes, largely attributed to the US national holiday, Independence Day. This resulted in closed US cash markets and a significant number of investors taking extended weekends, further contributing to the low activity. In the UK, gilts experienced