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ECB Raises Interest Rates by 0.75 Point
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ECB Raises Interest Rates by 0.75 Point

The European Central Bank increased interest rates by three-quarters of a percentage point for the second time in a row, moving briskly to quash record inflation even as the eurozone teeters close to recession.#ECB #Raises #Interest #Rates #Point Source link

Brazil’s Central Bank Leaves Key Rate Unchanged at 13.75%
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Brazil’s Central Bank Leaves Key Rate Unchanged at 13.75%

The Central Bank of Brazil left its benchmark lending rate unchanged, but warned again that it is prepared to resume hikes if the country’s inflation doesn’t keep slowing as expected. The bank’s monetary policy committee, known as the Copom, left its key Selic rate at 13.75% for the second consecutive meeting. The committee had raised...

Germany, France Divided Over Energy Crisis and China
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Germany, France Divided Over Energy Crisis and China

PARIS—Geopolitical tensions, from Europe’s energy crisis to relations with China, are driving a wedge between Germany and France, straining ties between countries that have anchored the European Union’s economy and security for decades. The rift was apparent in the decision to scale back a summit Wednesday between German Chancellor Olaf Scholz and French President Emmanuel...

U.K. Prime Minister Rishi Sunak Calms Markets—for Now
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U.K. Prime Minister Rishi Sunak Calms Markets—for Now

The prime minister has managed to help calm markets by convincing investors that he won’t jeopardize financial stability. But he now faces the task of convincing them that he can steer the economy through stagflation.#U.K #Prime #Minister #Rishi #Sunak #Calms #Marketsfor Source link