Economy

Sweden’s Central Bank To Test Use Of CBDC For Retail Payments

Sveriges Riksbank has released a statement revealing it will partner with different entities to test its CBDC's capability for international payments.

Bank Of England To Purchase Gilt Bonds To Stabilize Market

The Bank of England revealed its plans to start unlimited gilt bond purchases until October 14 to stabilize its financial market.

Eurozone Hits An All-Time High Inflation Rate Of 9.1%

The Eurozone’s annual inflation rate rose to 9.1%, increasing the pressure on the ECB to raise interest rates and inciting fears of an economic recession.
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