Browsing: Economy

Norway’s central bank on Thursday lifted interest rates by 50 basis points and said a further hike may be needed in the near term. On a…

By Ahmed Eljechtimi RABAT (Reuters) – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between…

FRANKFURT (Reuters) -The European Central Bank should err on the side of further interest rate hikes as inflation could come in even higher than it expects,…

By Julia Payne BRUSSELS (Reuters) – Europe is in danger of losing the race to become a global battery powerhouse as access to raw materials remains…

Gold prices edged lower on Wednesday as traders weighed Federal Reserve Chairman Jerome Powell’s latest remarks after the central bank held its policy interest rate steady…

OTTAWA (Reuters) – Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne…

Deutsche Bank, known as Wall Street’s most pessimistic bank, is weighing in on the inflation debate with an optimistic view: It sees the Federal Reserve’s favorite…

Investing.com — The People’s Bank of China cut its benchmark loan prime rate for the first time in 10 months on Tuesday, moving to increase local…

Fed Chairman Jerome Powell on Wednesday noted that there is strong support among his colleagues for two additional 25 basis point rate hikes this year. “A…

SYDNEY, June 20 (Reuters) – Australia’s central bank’s decision to hike interest rates in June was “finely balanced” but judged necessary to ensure high inflation did…