Economy
South Korea Raises Interest Rates for the First Time Since 2023 Due to AI Chip Surge
The Bank of Korea raises rates to 2.75% for the first time since 2023, driven by the boom in AI chips and stronger-than-expected economic growth.
Interest rates
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Economy
ECB keeps rates at 4% and warns of inflationary impact from Middle East conflict
ECB maintains rates at 4% and warns inflation will remain high until 2027 due to the Middle East conflict. President Lagarde stresses caution.
Economy
Warsh avoids signalling interest rate direction and dismisses AI as a source of persistent inflation
Kevin Warsh, Fed chair, avoids signals on interest rates and dismisses AI investment as a source of persistent inflation during Senate testimony.
Economy
The Fed does not rule out further rate hikes if inflation rises
Fed Governor Christopher Waller warns that a new high in core inflation would force a short-term rate hike.
Economy
Inflation in Colombia exceeds 6% as the Central Bank raises rates to 12%
Inflation in Colombia reaches 6.14% in June 2026, the highest level since July 2024. The Central Bank raises rates to 12%.
Markets
Gold falls 1.43% weighed down by the Fed's aggressive shift anticipating rate hikes
Gold falls 1.43% to $4,127.60 an ounce due to the Fed's aggressive shift anticipating rate hikes, overshadowing tensions in the Middle East.
Economy
The Reserve Bank of New Zealand raises rates to 2.50% and sees inflation near its peak
The RBNZ raises rates to 2.50% as expected. Governor Breman notes inflation may have peaked and the economy is recovering.
Companies
Poland's Central Bank to Keep Rates at 3.75% Until End of 2026, According to ING
ING forecasts that Poland's Central Bank will keep rates at 3.75% until the end of 2026, ruling out hikes and delaying cuts.
Economy
New Zealand Dollar Falls Amid Dollar Strength and RBNZ Decision Wait
NZD/USD drops 0.26% to 0.5685 due to Middle East tensions and dollar strength, as the market anticipates an RBNZ rate hike.
Economy
Waller defends future rate guidance but calls for a more flexible Fed
Christopher Waller defends future rate guidance but calls for flexibility to avoid limiting the Fed's response. The debate over the 'dot plot' intensifies.
Markets
Goldman Sachs rules out Fed rate hikes in 2026 despite Warsh's arrival
Goldman Sachs rules out Fed rate hikes in 2026, despite market expectations following Kevin Warsh's arrival. Employment and inflation data support this view.
Economy
Kevin Warsh's Fed Keeps Rates Steady but Market Expects Hike in December
Warsh's Fed keeps rates unchanged, but the dot plot anticipates a quarter-point hike before December amid internal division and a cooling economy.