Last week, Banxico’s rate-setting committee voted unanimously to hold the central bank’s key interest rate at 11.25 percent for its fourth consecutive meeting, matching the unanimous expectation of 23 economists Bloomberg surveyed.
Tag: central banks
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THE SYSTEM IS ON THE CUSP OF LOCKING UP, AGAIN!
If you were to ask the average person “what happened during the 2007-2008 Stock Market Crash/Financial crisis?” What caused it? You may hear answers like; “it was brought on by banks who were writing subprime mortgages, giving mortgage loans to anyone with a heartbeat-regardless of if they had a job, or even the ability to make mortgage payments.”
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CENTRAL BANKS ARE FOSTERING AN EXTINCTION LEVEL EVENT
U.S. mortgage rates here in the United States have just risen to their highest level in 21 years. Meanwhile, despite all the talk about how raising rates would somehow tame inflation, and that it was just temporary, and even transitory, inflation continues to rise. Moreover, by the Fed’s own admission, “inflation continues to outpace every projection they have made.” Moreover and overall, food inflation continues to outpace everything else. With energy inflation a close second.
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ECB BOOSTS INTEREST RATE TO 23-YEAR HIGH
As the U.S. Federal Reserve did a day earlier, the European Central Bank (ECB) added a quarter point to its key interest rate on 27 July, bringing it to 3.75 percent. It began raising the rate in July 2022, when it was -0.50 percent.
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ARE YOU READY? CENTRAL BANKS WILL VASTLY INFLATE FROM HERE
Being that not a single developed nation on Earth is going to implement any real cuts to spending, you can count on one thing happening, much higher global debt.
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ECONOMIC UPDATE — MARKET OVERVIEW
The true fear of an economic calamity on the near horizon was further clarified yesterday as gold once again illustrated its status as the world’s number one safe-haven asset.
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CENTRAL BANKS: NOW THE HARD PART BEGINS
Overall inflation has been falling in most countries in recent months as central banks have used higher interest rates to rein it back.
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NEW ZEALAND TIPS INTO RECESSION
The central bank’s higher interest rates and the cost of cleaning up after floods and a cyclone sank New Zealand’s economy into a recession during the first three months of this year.
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ECB CALLS IN €500 BILLION IN COVID-ERA LOANS TO BANKS
Eurozone banks must repay €476.8 trillion worth of COVID-era loans to the European Central Bank on 28 June.
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GLOBAL DEBT CRISIS. (YOU ARE IN ONE.)
There has been no other time in the history of the world where global debt has risen faster than it is rising today. Moreover, the big secret is this: no matter how much debt puppet governments pump into the system, via the REAL world government system which is world central banks, the amount of debt pulled into the system is never enough.