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New UK Prime Minister and New King During Turbulent Times
New UK Prime Minister and New King During Turbulent Times
(c) Jonathan Brady / PA / picturedesk.com

New UK Prime Minister and New King During Turbulent Times

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.

What is the key interest rate?
What is the key interest rate?
(c) VISUM / Visum / picturedesk.com

What is the key interest rate?

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.

European Forum Alpbach Ends on a Positive Note Despite Ukraine War and Climate Crisis
European Forum Alpbach Ends on a Positive Note Despite Ukraine War and Climate Crisis
(c) Johann Groder / EXPA / picturedesk.com

European Forum Alpbach Ends on a Positive Note Despite Ukraine War and Climate Crisis

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.

For some time valid: Elevated recession risks and restrictive monetary policy
For some time valid: Elevated recession risks and restrictive monetary policy
(c) iStock

For some time valid: Elevated recession risks and restrictive monetary policy

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.