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Home inflation
‘People are just shocked’: Turkey’s lira plunges after Erdogan sacks third central bank chief in two years

‘People are just shocked’: Turkey’s lira plunges after Erdogan sacks third central bank chief in two years

Posted By: Editorial Teamon: March 22, 2021In: ECONOMY, MARKETING, NEWSNo Comments

Turkey’s lira fell dramatically on Monday morning after President Recep Tayyip Erdogan fired the country’s central bank chief — the third to be fired in two years — sending shockwaves through the investor community. The currency plunged more than 16% in early morning Asian trading, according to analysts, hitting 8.4 against the dollar compared to […] Read more

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Bank of America names the emerging market currencies to back as inflation risks mount

Bank of America names the emerging market currencies to back as inflation risks mount

Posted By: Editorial Teamon: February 15, 2021In: BUSINESSNo Comments

With global demand returning and supply bottlenecks likely to drive up shipping, food and energy prices, Bank of America believes emerging market inflation could be on the horizon. In a note distributed Sunday, EEMEA Cross Asset Strategist David Hauner highlighted that while markets are pricing in the highest U.S. inflation for a decade, emerging market expectations are […] Read more

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Powell sees no interest rate hikes on the horizon as long as inflation stays low

Powell sees no interest rate hikes on the horizon as long as inflation stays low

Posted By: Editorial Teamon: January 14, 2021In: BUSINESS, NEWSNo Comments

Federal Reserve Chairman Jerome Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery. “When the time comes to raise interest rates, we’ll certainly do that, and that time, by the way, is no time soon,” the central bank chief said Thursday during a […] Read more

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