ECB cuts interest rates again as inflation continues to fall October 17, 2024 The move means the main interest rate was reduced by 25 basis points to 3.25 per cent, down from a peak of four per cent which was reached last September.
China unveils stimulus package in bid to kickstart flagging economy September 24, 2024 China has unveiled its largest set of economic stimulus measures since the pandemic in an attempt to kickstart growth in the world’s second largest economy. The People’s Bank of China (PBoC) announced today it had cut its benchmark interest rate by 50 basis points, as well as the amount banks must hold as cash reserves, [...]
Yellow fever: Central banks and private investors keep demand for gold buoyant July 30, 2024 Private investors and consistent demand from central banks where the two dominant behind the second quarter's consecutive all-time highs in the gold price an industry report has found.
