Bank of England set for 12th straight interest rate hike, but the outlook remains murky

Bank of England set for 12th straight interest rate hike, but the outlook remains murky

ByCNH Editorial Team

People walk outside the Bank of England in the City of London financial district on January 26, 2023 in London, UK. henry nichols Reuters LONDON–The Bank of England is expected to raise rates at its 12th consecutive meeting on Thursday as inflation continues to rise, but a summit could be nearing. The UK economy has…

This is not another banking crisis, analysts say — it’s ‘sentiment contagion’ instead

This is not another banking crisis, analysts say — it’s ‘sentiment contagion’ instead

ByCNH Editorial Team

The slogan is written on the sidewalk in front of the global headquarters of Swiss bank Credit Suisse, one day after stock prices fell by about 30% in Zurich, Switzerland on March 16, 2023. Arndt Wiegmann | Getty Images News | Getty Images The failure of the US-based Silicon Valley Bank, the largest bank failure…