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UK inflation unexpectedly accelerates
UK inflation unexpectedly accelerates
Business and Economy
by  AFP

British inflation unexpectedly accelerated in February, data showed Wednesday, deepening a cost-of-living crisis and pressuring the Bank of England to hike interest rates despite global markets turmoil. "But the Bank of England may well want to see hard evidence of that before it stops raising interest rates."

US Fed mulls more rate hikes amid banking uncertainty
US Fed mulls more rate hikes amid banking uncertainty
Business and Economy
by  AFP

American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets. The Fed will also update its GDP growth and interest-rate projections on Wednesday. da/caw