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China’s central bank PBOC warns against yuan speculation

The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week.Getty ImagesBEIJING — The People's Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week."Do not bet on a one-sided...

Bank of England hikes, says UK may already be in recession

The Bank of England raised rates by 0.5 percentage points Thursday.Vuk Valcic | SOPA Images | LightRocket | Getty ImagesLONDON — The Bank of England voted to raise its base rate to 2.25% from 1.75% on Thursday, lower than the 0.75 percentage point...

Sweden’s central bank launches 100 basis point rate hike

Sweden's Riksbank launched a 100 basis point hike to interest rates on Tuesday as it looks to rein in inflation.Mikael Sjoberg/Bloomberg via Getty ImagesSweden's Riksbank on Tuesday launched a 100 basis point hike to interest rates, taking its main policy rate to 1.75%,...

Is Keeping Money In The Bank No Longer Safe, And How Is “$10,000 Gold” Conceivable Now? – Silver Doctors

Keeping money in the bank becomes uncomfortable for people who turn to precious metals in the search for… by Natalie Laz via Kinesis In this week’s Live from the Vault, the president of BMG Group and author of the “$10,000 Gold” book, Nick Barisheff, joins...

European Central Bank raises rates by 75 basis points

The ECB announced a second consecutive interest rate rise to combat red-hot inflation.Daniel Roland | Afp | Getty ImagesThe European Central Bank on Thursday announced a 75 basis point interest rate rise, taking its benchmark deposit rate to 0.75%."This major step frontloads the...

Why China’s central bank is shoring up the yuan

The Chinese yuan has tumbled to two-year lows against the U.S. dollar in the last few weeks.Sopa Images | Lightrocket | Getty ImagesBEIJING — China's central bank has sent a strong signal it wants to keep the Chinese yuan from weakening too quickly...