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

📆 22/06/2023 3:41 p. m.
📰 BDliveSA

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

Colombia Noticias Noticias

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...

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

MARKET WRAP: JSE and rand slide amid China fearsInvestors are also bracing for hawkish testimony from Fed chair Jerome Powell to Congress
Fuente: BDliveSA - 🏆 12. / 63 Leer más »