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Banking shock exposes cheap cash addiction
Business
/ 23 March 2023

Banking shock exposes cheap cash addiction

The turmoil, which some say was inevitable given aggressive hiking cycles, exposes the dependency of advanced economies on cheap credit

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Reserve Bank may have helped South Africa avoid a more severe crunch
Business
/ 18 July 2022

Reserve Bank may have helped South Africa avoid a more severe crunch

This is according to some economists, who say the Reserve Bank got ahead of the curve before inflation became entrenched

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Article
/ 22 January 2008

Fed slashes US rates in bid to thwart recession

The United States Federal Reserve on Tuesday slashed a key interest rate by a hefty three-quarters of a percentage point, the biggest cut in more than 23 years, after a two-day global stocks rout sparked by fears of a US recession. ”The Fed is very, very, very worried,” said John Tierney, an analyst at Deutsche Bank.

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Article
/ 22 January 2008

Fed slashes US interest rates

The United States Federal Reserve on Tuesday slashed benchmark US interest rates by three-quarters of a percentage point in an emergency bid to lend support to a US economy some fear is on the verge of recession. The Fed’s action took the key federal funds rate, which governs overnight lending between banks, down to 3,5%.

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