Monthly E-Newsletter - August 2022
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August - 2022 I Volume IV I World Finance Informs E-Newsletter
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News Insights
How Pandemic is Enhancing the Banking Customer Service to a great extent.
Pandemic has accelerated the significant tendency towards the contemporary way of banking, which was also there before the outbreak but is a lot visible now.
Chinese Central Bank Urges Lenders To Control Credit Growth
Government Spending Will Help India Prosper 7.1% In FY23
72% of The Economists Foresee A US Recession By Mid 2023
Although the picture is less clear, as per the various divergent viewpoints among economists, the full length of US recession can be anticipated by mid-23.
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Market Trends
US Fed to slow to 50 basis-point hike in September 2022.
Most of the economists in Reuters poll from Aug 16-19 predicted a half point increase next month, which would take the primary interest rate to 2.75%-3%.
First Indonesian Rate Hike Since 2018 By The Central Bank
Indonesian central bank has raised benchmark interest rate to level that is highest it has been since 2018 in order to battle the nations rising inflation.
The Euro Dips Below Par Against USD Due To Gas Crisis
Because of the issues taking place in Europe with the ongoing Russia-Ukraine conflict, the gas supply crisis has begun to affect the currency market as well.
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