Interest rate rises in doubt as fear of new global crisis rattles central banks

In 2006 the US central bank completed a series of interest rate rises that took its base rate from 1% to 5.25%. The plan was to cool a booming economy, but ended two years later with the great financial crash.

Analysts have changed their interest rate forecasts after the collapse of Silicon Valley Bank in the US, the sale of SVB’s London offshoot to HSBC for £1, and the rescue ofEach bank has pursued its own risky strategy, allowing regulators to say their problems are one-offs.

Martin Beck, chief economic adviser to the EY Item Club, said there was a strong case for easing back on interest rate rises before the bank rescues.

Monday… Run day? I wanna see the greedy ubber wealthy pack themselves.

So now inflation will rocket

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Central banks must keep interest rates high to combat inflation, says OECDOrganisation also says UK will be only G20 economy apart from Russia to shrink this year No the corporations have been making record profits. They are the sole reason for high inflation
Source: GuardianAus - 🏆 1. / 98 Read more »