Central banks are responding to high inflation by raising key interest rates. Further key rate hikes are likely this week as well.
The death of Queen Elizabeth II, her succession by Charles III and the appointment of the new prime minister, Liz Truss, mark a change of era in Great Britain. The government’s focus is on the fight against inflation and high energy prices.
The key interest rate of the European Central Bank (ECB) is currently 1.25 percent. Savings account interest rates are significantly below this key interest rate, and if someone takes out a loan, they usually have to pay significantly more than the key interest rate. The role of the key interest rate and the relevant interest rates are discussed in this article.
Last week, three major central banks have raised their key interest rates further. By nature, however, it is not easy to find the right key interest rate level – especially in the current environment.
The 77th edition of the European Forum Alpbach recently came to an end. This year, the symposium was held under the central motto “The New Europe”, with topics such as climate protection or security policy on the agenda.
On August 31, 1602, stock exchange history was written in Amsterdam. 420 years later, Michiel van der Werf, Senior Fund Manager at Erste Asset Management, looks back on the birth of stock exchange trading.
The meme stocks are back. Most recently, the shares of Bed Bath & Beyond in particular have been in the spotlight with a veritable roller coaster ride. What is behind this phenomenon?
The central banks want to achieve their long-term inflation target of 2%. In order to achieve this goal, they have raised key interest rates and are implementing a restrictive monetary policy. The higher key interest rates will weaken economic growth and also the labour market. Whether this can be achieved without a recession or whether there will be a “soft landing” is currently the subject of heated debate.
At the beginning of August, this year’s Tesla Annual General Meeting took place under the name “Cyber Roundup”. The number of shareholder proposals on environmental and social issues reached a new maximum this year.
About a year ago, the social impact fund ERSTE FAIR INVEST was launched. Reason enough to take a closer look at the fund, which focuses on the “S” in ESG. In addition, fund manager Bernhard Selinger explains in an interview what the term “fair” actually means.