Turkey’s credit rating outlook was cut to negative from stable by Standard & Poor’s, which said there’s a growing risk of a “hard economic landing” as reserves decline and policy makers spar over interest rates. The move by S&P, the only one of the three main credit rating companies that […]
Tag: Interest Rate
South Africa’s central bank hikes key rate to 5.5%
South Africa’s central bank raised its key interest rate to 5.5 percent on Wednesday as concerns grew over its weakening currency amid an emerging market rout. The bank hiked its key interest rate – the rate at which it lends to commercial banks – 50 basis points (bps) to 5.5 […]
Bank of England holds course on rates as economy picks up
The Bank of England left monetary policy unchanged on Thursday, sticking to its plan to keep interest rates at a record low until the country’s surprisingly fast economic recovery broadens out. Britain has moved from a laggard to a leader in terms of growth among the world’s biggest economies last […]
