In its battle to control inflation, the bank raised its key interest rate to the highest level on record.
Tag: Banking and Financial Institutions
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People’s Bank of China Cuts Reserve Requirement to Spur Bank Lending
The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.
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What Biden Can Learn from Roosevelt’s ‘New Deal’
What President Biden can learn from Franklin Roosevelt’s “New Deal.”
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Clean Energy Projects Are Booming Everywhere. Except in Poor Nations.
A big obstacle is the lack of loans, a subject of intense disagreement between richer and poorer countries. But in Congo, a hard-fought solar investment shows a possible path forward.
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The A.I. Revolution Is Coming. But Not as Fast as Some People Think.
From steam power to the internet, there has always been a lag between technology invention and adoption across industries and the economy.