Central Banks Eye Another Interest Rate Hike This Week | OilPrice.com

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The US Federal Reserve and the Bank of England this week are set to hike interest rates steeply again in a bid to chase down scorching inflation, investors are betting.

German Nuclear Power Plant To Shut Down After Reported LeakThe UAE Plans To Ramp Up Its Oil Production CapacityGlobal Oil Demand Dropped By Over 1 Million Bpd In JulyThe World's Largest Floating LNG Platform Restarts Production33% Of All UK Exporters To EU Vanish Due To Brexit-Related Red TapeOctopus Expands Wind Energy Holdings With Investments In Germany And UKOil Exports from Iraq’s Basra Port Stop—Repair Could Take WeeksNo Help Coming For New England Governors With Winter Fuel Supply3...

Natural Gas Prices Plummet On Rail Deal, Storage BuildGerman Regulator Warns Of Severe Gas Shortage In A Cold WinterRussia’s Largest Oil Producer Boosts Profits Despite SanctionsU.S.

Source: Loan Digest (loandigest.net)

 

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The BOE is raising rates while coal AND nuclear plants are being closed and demolished. Hard to fathom.

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Central banks set to hit peak rates at faster pace\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t This will be a trap for millions. Especially the US 🇺🇸 economy is based on credits, mortgages, loans,… this will be bloody. I pray they will. I don't want us to become Argentina -- beautiful country, wonderful people, and chronically high inflation. Core inflation in the US has accelerated -- inflation is embedding deep into the economy. If they really were going to do that they would bring in short notice increases say tomorrow, so why dont they?
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