Bank of England holds rates but says ‘moving in the right direction’ for cuts
The Bank of England on Thursday held interest rates steady at 5.25%, but hinted at cuts on the horizon as inflation falls faster than expected.
Top U.S. asset manager Vanguard doesn’t believe the Fed will cut interest rates this year
Top U.S. asset manager Vanguard doesn’t expect the Federal Reserve to cut interest rates this year.
Turkey’s central bank raises interest rate to 50% despite previous hints of end to hike cycle
Turkish annual consumer price inflation soared to 67% in February, fueling concerns that Turkey’s central bank might have to return to tightening.
Wary of inflation, Taiwan central bank raises key rate in surprise move
Taiwan’s central bank surprised markets by raising its policy rate on Thursday, wary of continued inflationary pressures and ahead of an expected rise in electricity prices next month.
China slams the U.S. for interfering in Arunachal Pradesh border dispute with India
“The China-India boundary question is a matter between the two countries and has nothing to do with the US side,” said a Chinese Foreign Ministry spokesperson.
Dubai’s Parkin surges 30% on trading debut in UAE’s first IPO of the year
Parkin is the largest provider of paid parking in Dubai, and is set to see further demand as the city’s population grows.
Switzerland becomes first major economy to cut interest rates in surprise move
The Swiss National Bank surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%.
Biden administration to forgive $5.8 billion in student debt for nearly 78,000 borrowers
The Biden administration announced it would forgive $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program.
Ukraine war updates: Russia launches large strike on Ukrainian capital; Moscow’s defeat a matter of life or death, Kyiv says
Explosions have been reported in the Ukrainian capital Kyiv overnight, with city officials saying a missile attack is known to have injured 12 people so far.
CNBC Daily Open: Markets surge on Fed rate-cut signals
Wall Street liked what it heard from the Fed today, that its sticking to three rate cuts for this year.
