LONDON (Reuters) – World stocks were close to a 2-year low and Japan unilaterally intervened in FX markets for the first time since 1998 on Thursday as the Federal Reserve’s aggressive U.S. rate hike signals had put markets on the run. It was painful start in Europe where along with the economic strains, fears of […]
LONDON (Reuters) – The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to “respond forcefully, as necessary” to inflation, despite the economy entering recession. The BoE move follows the U.S. Federal Reserve’s decision on Wednesday to raise its key rate by three quarters of […]
