The US Federal Reserve raised the base interest rate by 0.75 percentage points for the third time in a row.

At the same time, the forecast for US GDP growth in 2022 was worsened. It dropped from 1.7 percent to 0.2 percent. The inflation forecast in 2022 increased from 5.2 to 5.4 percent, in 2023 from 2.6 to 2.8 percent, and in 2024 from 2.2 to 2.3 percent. .

The rise in prices for energy carriers and electricity in Europe breaks records // Infographics

According to Eurostat, energy inflation reached 41.1% yoy in July. This is the highest figure since the beginning of observations in 1997. If we take the subcategories, the largest increase in July was shown by gas prices – 51.4% yoy. Since January, this indicator has grown by 10.7 percentage points against the backdrop of a … Read more

The Bank of England made its bet // The British regulator supported the trend towards tightening monetary policy

The Bank of England on Thursday, following the US Federal Reserve System and the European Central Bank, decisively raised the interest rate – by 50 basis points at once, to 1.75% per annum. This was the most significant increase in the indicator over the past 27 years. In this way, the regulator is trying to … Read more

The US Federal Reserve raised the base interest rate to 2.25-2.5% per annum

The US Federal Reserve System (FRS) raised the base interest rate for the second time in a row – by 0.75%, to 2.25-2.5% per annum. The last time the regulator raised the rate on June 15 was also 0.75%, to 1.5–1.75%. . In support of these goals, the Committee has decided to raise the target … Read more

Fed keeps step // Key rate raised again by 0.75 percentage points

The US Federal Reserve System (FRS) Wednesday, July 27, again raised the key rate, bringing it to the range of 2.25-2.5% per annum. As in June, the increase was “non-standard” 0.75 percentage points. Explaining his decision, the regulator, as before, referred to the rise in inflation in the United States – in June it accelerated … Read more

Consumer loans and mortgages in Russian banks fell by 0.2-1.5 percentage points.

More than 30 banks after the reduction of the key rate adjusted the terms of their consumer and housing loans. This follows from the data of the Sravni financial marketplace, which Izvestia has reviewed. Over the past eight days, 21 credit institutions have improved mortgage conditions – rates have decreased in the range of 0.25-1.5 … Read more

One seventh of the global recession // The IMF again worsened the forecast for global GDP growth

Global GDP growth in 2022, amid the continued effects of the pandemic and the continuation of the crisis in Ukraine, will slow to 3.2%, according to the new International Monetary Fund (IMF) World Economic Outlook, which is now 0.4 percentage points lower than the April forecast. The implementation of the negative scenario, which includes a … Read more

The Central Bank stepped over analysts // The key rate was reduced from 9.5% to 8%

On July 22, the Central Bank (CB) refuted analysts’ forecasts and lowered the key rate much more decisively than they expected: by 1.5 percentage points at once, from 9.5% to 8% per annum. Thus, the regulator reacted to the significant strengthening of the ruble and the decline in annual inflation. A significant reduction in the … Read more

Between inflation and recession // The ECB began to tighten monetary policy

The European Central Bank (ECB) raised key rates for the first time in 11 years – and immediately by 0.5 percentage points, which brought the deposit rate out of the negative zone. The reason for the tightening of monetary policy, which was twice as sharp as expected, was the continued rise in inflation in the … Read more