Reserve Bank of India Holds Key Rates Steady against Hike Predictions

Reserve Bank of India Holds Key Rates Steady against Hike Predictions

ByMike Joel

After six consecutive rate hikes, the Reserve Bank of India (RBI) has caught the markets off guard by deciding to hold its key rates steady. The central bank has stated that it is closely monitoring the impact of recent global financial turbulence, leading to its decision to pause on any further rate hikes for the…

The Euro Zone has Raised Interest Rates for the First Time in 11 years. Is this a Sign of Bad Things Getting Worse?

The Euro Zone has Raised Interest Rates for the First Time in 11 years. Is this a Sign of Bad Things Getting Worse?

ByMike Joel

In a more significant than expected action intended to combat inflation throughout the Eurozone, the European Central Bank (ECB) announced a hike in interest rates for the first time in more than ten years. The increase will become effective on July 27. Ironically, Mario Draghi resigned from his position as prime minister of Italy on…