Tag: interest rate

  • UK’s pound sterling plunges to a record low

    UK’s pound sterling plunges to a record low

    The markets are predicting that UK interest rates could touch 6% in the summer of next year. The new budget changes have rocked the markets. The largest banks in the UK are have some major crisis to deal with as inflation is surging to 17%.  This new scenario is due to an annual exercise to…

  • Another hike in interest rate by the Federal Reserve (FED)

    Another hike in interest rate by the Federal Reserve (FED)

    Is the financial system flawed? Was the gold standard better? Inflation or Interest rates, What’s worse? The Federal Reserve hiked the interest rate and signaled there are more rates to come in the coming months. The interest rate was hiked by 0.75 percent like the hikes seen in June-July. The inflation rate calculated in August…