MARKET WRAP: JSE hit by a wave of interest rate hikes

📆 22-06-23 22:41:00
📰 BDliveSA

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 63%

Belgique Nouvelles Nouvelles

Bank of England’s aggressive move catches investors by surprise, while Turkey, Norway and Switzerland add to the gloom

The JSE slipped further on Thursday after a series of rate hikes by central banks in Europe cast serious doubt on talk that the current global monetary tightening cycle could be nearing an end.

The Bank of England raised its key rate by 50 basis points to a 15-year high of 5%, the 13th straight increase as policymakers grapple with stubbornly high inflation. Markets were caught off guard, having priced in about a 60% chance of just a 25 bps hike, according to Bloomberg...

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

MARKET WRAP: JSE and rand slide amid China fearsInvestors are also bracing for hawkish testimony from Fed chair Jerome Powell to Congress
La source: BDliveSA - 🏆 12. / 63 Lire la suite »