According to a central banker, this is the best time to find the best means to tackle the next downturn as the economy of the United States is getting stronger with the inflation level getting close to the two percent target of the Federal Reserve, as the steady rate increases of the Fed is likely to have subtle impact on growth in the latter part of the coming year. In his … [Read more...]
During a live conference Canada has a plan for rising rates and high debt
The economy of Canada will face a significant risk in the next three years as indebted consumers will respond to higher interest rates, this fact is made available by economists from three of the largest financial institutions in Canada. According to Frances Donald, the head of macroeconomic strategy at Manulife Asset Management, she said the risks in the housing market is … [Read more...]
For the fifth time Bank Indonesia raises rates to contain currency
For the fifth time since May, the central Bank of Indonesia has increased its benchmark interest in an attempt to protect the rupiah from being affected by emerging markets globally. Based on the predictions of the larger part of the 37 economists interviewed in a Bloomberg survey, the seven-day reverse repurchase rate was increased by 25 basis points to 5.75 percent. Though, … [Read more...]