Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value – Economics Bitcoin News

Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value – Economics Bitcoin News

After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum….

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Asian markets extend rally as rate hike fears subside

Asian markets extend rally as rate hike fears subside

Trader at NYSE: © AFP/File Asian markets rallied again Monday, building on last week’s advances and following a strong performance on Wall Street as speculation that inflation…

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Fed’s Daly is prepared to back another 0.75 percentage point rate hike, but US dollar bleeds out

Fed’s Daly is prepared to back another 0.75 percentage point rate hike, but US dollar bleeds out

The Wall Street Journal reported that San Francisco Fed President Mary Daly A said Friday she was prepared to support another rate increase of 0.75 percentage point at the…

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Asian markets rise as recession talk tempers rate hike expectations

Asian markets rise as recession talk tempers rate hike expectations

Growing talk of a recession has led investors to temper their expectations for central bank rate hikes – Copyright AFP Javier Torres Stocks rose in Asia on…

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XAUUSD to bounce higher if Powell revives expectations for a 50 bps hike

XAUUSD to bounce higher if Powell revives expectations for a 50 bps hike

Gold remains on track to post weekly losses. Next week, FOMC Chairman Jerome Powell will testify before Senate on Wednesday. If Powell suggests a 50 basis points…

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Could support another 75 bps rate hike in July

Could support another 75 bps rate hike in July

Minneapolis Fed President Niel Kashkari said on Friday that he could support another 75 basis points rate hike in July, as reported by Reuters. Additional takeaways “Need…

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Bitcoin Plunges Below ,000 After Recent Fed’s Historic Rate Hike

Bitcoin Plunges Below $20,000 After Recent Fed’s Historic Rate Hike

Yuri Molchan King crypto has gone below the $20,000 level, losing its price milestone achieved five years ago Bitcoin has finally lost the crucial level of $20,000…

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GBP/USD rallies towards 1.2350 post-BoE’s hike, on soft US dollar

GBP/USD rallies towards 1.2350 post-BoE’s hike, on soft US dollar

The Bank of England hiked 25 bps and initially tumbled the pound, though later rallied due to a weaker US dollar. The BoE decided not to give…

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USD/CHF down 250 pips amid SNB rate hike and weaker USD

USD/CHF down 250 pips amid SNB rate hike and weaker USD

Swiss franc among top performers after SNB surprise rate hike. USD/CHF extends slide amid risk aversion and a weaker dollar. EUR/CHF heads for the lowest close in…

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Mike Novogratz: Bitcoin Will ‘Lead the Markets’ in Recovery From Fed Rate Hike

Mike Novogratz: Bitcoin Will ‘Lead the Markets’ in Recovery From Fed Rate Hike

Mike Novogratz, founder of the asset management firm Galaxy Digital, expects Bitcoin to “lead” a new rally once the U.S. Federal Reserve reconsiders its latest decision to…

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