News about interest rates: events, facts and developments on tafs uz.
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The European Central Bank is expected this week to keep its rate at 2.5% amid rising inflation driven by the energy shock. Markets' main attention is on France: its bond yields have hit their highest level since 2002, but most observers consider activation of the anti-crisis TPI tool unlikely.
Otabek YusupovNorway's sovereign fund, the world's largest with assets of about 2.1 trillion euros, reported an investment loss of 278 billion kroner (26.4 billion euros) for the third quarter. Bond returns were −3.5% amid a global market sell-off and rate hikes by the Fed and the ECB. The fund's overall return was −0.5%, and its value, adjusted for exchange rates and inflows, fell by 670 billion kroner.
Sevara AzamovaAt the sixth international HAT Treasury Summit in Athens, financial experts discussed how consumers and companies should act amid high inflation, rate volatility and geopolitical uncertainty. Advice: caution with major purchases, expense control and hedging risks for businesses.
Nilufar KarimovaRising energy prices amid the Iran conflict are intensifying inflationary pressure in major economies. The Fed, ECB and Bank of Japan raised rates in September, while the Bank of England held them, but three committee members voted for an increase. Economist Hugh Dixon warns of possible stagnation of growth and recessions in several G7 economies by 2027.
Nilufar KarimovaJPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs increased quarterly profit year over year amid resilient consumer spending and AI investments. At the same time, JPMorgan missed analysts' expectations for the first time in nearly three years, and banks warned of risks from high rates and inflation.
Nilufar Karimova
