The Federal Reserve has warned that the recent banking turmoil in the U.S. could trigger a credit crunch, posing a risk to the economy. According to the Fed's Senior Loan Officer Opinion Survey, banks are anticipating stricter lending standards for the remaining part of 2023 due to worries about a recession and deposit outflows triggered by Silicon Valley Bank's failure.

Banks brace for impact: US Fed reveals potential strains from higher interest rates

The Bank of England on Thursday lifted its key interest rate to the highest level since the 2008 financial crisis, noting inflation remained stubbornly high but that the economy would now avoid recession this year.

Bank of England lifts interest rate to 15-year high

As Americans continue to feel burdened by higher costs for rental, housing and food, US consumer prices they have accelerated last month and has given a rise to possibilities that Federal Reserve was far from causing its interest rates hiking rates.

US inflation at a two year low, fed fears mild recession in 2023

The US Federal reserve has raised interest rates by a quarter percent. This comes amid the banking system turmoil that began on March 10. It was triggered by the collapse of Silicon Valley Bank in California. Leading to the biggest banking sector meltdown since the 2008 financial crisis. This is the ninth interest rate hike announced by the US Federal reserve in the last year. Jerome Powell, the chair of the federal reserve, said the Silicon Valley Bank collapse did not indicate wider weaknesses, in the banking system... And attributed the collapse to bad management...

US Federal reserve raises interest rates to counter growing inflation

A new poll by Reuters shows that a large majority of economists said that the United States economy is headed for a short and shallow recession sometime in the coming year.

Poll shows that the US economy is headed for a shallow recession: Here’s what it means

In the latest updated from RBI MPC Meeting, the Central bank has raised the repo rate by 35 basis points to 6.25%; and has said that the inflation is likely to stay above 4% in next 12 months.

RBI raises repo rate by 35 basis points to 6.25 per cent

The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will require borrowing costs to rise further, yet signaled it may be nearing an inflection point in what has become the swiftest tightening of U.S. monetary policy in 40 years.

WION Business News | US Fed hikes interest rates by 0.75%

Bank of England (BoE) raised interest rates on Thursday (November 3), the most since 1989, to counteract the sky-high inflation. According to BoE, inflation is driving Britain into a recession that will endure until mid-2024.

Amid cost-of-living crisis, Bank of England hikes interest rates and warns UK faces two-year recession

Switzerland exited the era of negative interest rates when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.

World Business Watch: Swiss National Bank exits negative rates era with 0.75% hike

The Bank of England raised its key interest rate to 2.25% from 1.75% and said it would continue to "respond forcefully, as necessary" to inflation, despite the country entering recession.

Bank of England raises interest rate to 2.25% from 1.75% , in seventh consecutive hike

US Fed Chair Jerome Powell's speech at the Federal Reserve's annual forum has sent jitters to markets causing a crash. His announcement that interest rates would continue to rise and stay high cost America's richest people to lose close to 78 billion dollars.

US Fed Chief's speech causes market to crash

Central banks around the world are raising interest rates to tame the price rise. European Central Bank has hiked interest rates recently but what is the ground situation on inflation front ?

European Central Bank surprised markets with price  hike

Why do central banks raise interest rates to curb inflation? What is the rationale behind this move? Molly Gambhir explains.

WION Fineprint: Why do central banks raise interest rates to curb inflation?

As the World battles record inflation, Bank of Canada has surprised everyone with a full percentage increase in its policy rates. t's a super-sized hike which was last seen in 1998.

Bank of Canada surprises with 1% rate hike

Speculations solidify that the U.S. central bank will increase interest rates once again. But how does this impact you?

The Full Context: How will US interest rate hike affect you

The Federal Reserve announced a 75 basis point interest rate hike, their highest since 1994. How did markets react to this announcement? Will it be enough to tackle inflation and prevent a recession? Palki Sharma tells you.

Gravitas: US Fed announces highest interest hike since 1994

For the third time this year, the Federal reserve has raised interest rates and this time by three-quarters of a percent. With this the stakes for the US economy and American consumers are high, Federal Reserve chairman Jerome Powell made the announcement on Wednesday where he reiterated that they are committed to bringing inflation down.

United States: Federal Reserve raises benchmark rates, most aggressive hike since 1994

Bank of England will raise interest rates again as UK inflation heads for double digits. While UK forecast to be the weakest economy in 2023 among the rich nations, investors predict a quarter-point rate hike by the Bank.

Bank of England to raise interest rates as UK inflation heads for 10%

The bank of England looks poised now to raise interest rates today for the fourth time since December, it's the fastest increase in borrowing costs in a quarter of a century as it tries to quell the danger from the leap inflation.

Bank of England set to raise bank rate from 1% to 0.75%

The Reserve Bank of India hiked lending rates to tame inflation after two years of massive public spending. Central banks around the world are doing the same after inflation hit multi-decade highs. Is the pandemic-era spending spree over? Palki Sharma tells you.

Gravitas: India's Central Bank hikes interest rates

Election month is underway in Australia, campaigning is well into its fourth week and the race seems to be very close. The latest decision by Australian Central Bank created on Scott Morrison, it chose an interesting time to raise interest rates for the first time in a decade.

Australian Central Bank raises interest rate, creates pressure on PM Scott Morrison

Australia's central bank raised interest rates for the first time in more than a decade on Tuesday, a pre-election hike designed to tame soaring consumer prices.

Australia hikes interest rates for first time since 2010

Sri Lanka has doubled the interest rates to tame inflation. There's an unprecedented 700 basis point hike by the Central bank. The rate for deposits has increased to 13.5%. To get more perspective, watch this report by Dasuni Athauda.

Crisis-hit Sri Lanka doubles interest rates to tame inflation

The Bank of Japan was "ready to cut interest rates in negative areas" as it became the first G7 central bank to follow the Federal Reserve's weekend intervention.

Bank of Japan eases its credit policy to stem economy after Fed reserve slashes interest rates

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