The Bank of England is poised to push interest rates again later this week, this time to their highest level since 2009, as it fights to keep inflation from spiraling out of control.As the Ukraine war exacerbates an already devastating standard of living, officials are set to raise rates by 25% — …
Money management
Bank of Japan (BOJ) Insists on Maintaining a Loose Monetary Strategy
Bank of Japan executive governor Haruhiko Kuroda today reiterated the stance of Japan to maintain its current slack monetary stance. He maintains that Japan plans to take a stand away from the general monetary tightening strategy used in many countries.He cited financial stability as the reason most …
China’s Technological Nerve Centre Eases COVID Limitations and Reopens Production Operations in Industrial Zones
Shenzhen, China's southern technology powerhouse, has eased limitations in 5 selected communities, claiming that the Covid-19 epidemic is now substantially contained. The government has committed to assisting enterprises in regions remaining under lockdown.The selected communities have not announced …