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Global rate hikes reach fever pitch in race against inflation - Nikkei Asia

Nikkei Asia LogoNikkei Asia1w ago

Global rate hikes reach fever pitch in race against inflation - Nikkei Asia

Quick Summary

Beyond the current market turmoil, a possible recession is on the horizon. More than 60% of CEOs expect the economy to enter a recession within 18 months, according to a survey of global CEOs and executives released Friday by The Conference Board.

Malaysia raised interest rates for the first time in four years and four months in May as the ringgit depreciated against the dollar.

Rates were increased a record 80 times in the first six months of 2022, a tabulation by Nikkei shows. Of those, emerging countries accounted for 60 times.


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Article Details

Author / Journalist: Staff Writer

Category: BusinessFinanceAsia

Topics: Banks Central Emerging First Global Hikes Economy Interest Rates Economies Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-18, 16:41:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 5 minutes read

Article Length: 856 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 820

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: BusinessFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 14 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 9h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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