ECB raises interest rates

ECB raises interest rates

(VOVWORLD) - The European Central Bank raised its key interest rate to a record high of 4% on Thursday but, with the euro zone economy in the doldrums, signaled that the hike,...
Fitch lowers US’s credit rating

Fitch lowers US’s credit rating

(VOVWORLD) - Fitch Ratings, one of the top three global credit watchdogs, downgraded the US’s credit rating on Tuesday from AAA to AA+ due to increased public debt and political dysfunction
PM urges lower loan interest rates for SMEs

PM urges lower loan interest rates for SMEs

(VOVWORLD) - Prime Minister Pham Minh Chinh has instructed banks to consider cutting loan interest rates and easing lending conditions for small and medium-sized enterprises (SME) to boost economic recovery
Bank of England hikes rate to 5%

Bank of England hikes rate to 5%

(VOVWORLD) - The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday, the biggest hike since February to the highest rate since 2008,...