Media Fast Examination | Global Central Bank's interest rate hikes hit the most in the years

Author:China Economic Weekly Time:2022.07.01

Recently, according to the policy interest rate trend of the 38 countries and regions released by the International Clearance Bank, and the information released by the central banks released by various countries, the Japan Economic News has been statistics.

Statistics have found that interest rate hikes are synchronized and rapidly advancing globally. At the beginning of the outbreak of the new crown pneumonia in 2020, the world responded at the same time with interest rate cuts. Now that more than two years have passed, the restricted supply of the Ukrainian crisis under the epidemic has caused inflation to accelerate. The central banks of various countries have to turn to interest rate hikes in a rapid turn.

From January to June 2022, the global central bank raised interest rates 80 times, which was about 7 times the same period last year. It was also higher than that of Lehman's impact and the economic situation in 2006. Countries that implement interest rate cuts are limited to China and Russia and other countries that have suffered economic sanctions in Europe and the United States. The number of interest rate hikes throughout the year is likely to be close to 119 records set in 2006.

The developed countries raised interest rates 20 times in the first six months, only 28 times in 2006. The Federal Reserve made a rate hike decision in March this year. In June, another 75 basis points raised interest rates, which was also the largest interest rate hike since 1994. Emerging countries are also on curbing inflation. The number of interest rates exceeds 50 times in the same period of 2008, a record high. Bank of Japan has not joined this wave of interest rate hikes, but the expansion of the spread between the yen and the US dollar may exacerbate the pressure of the depreciation of the yen in the future.

Economic decline is becoming more and more likely to become a reality. A survey by the World Corporate Research Association shows that more than 60%of the world's CEO believes that the economy will fall into a decline within one and a half years.

Japanese telecommunications giants agree to remotely office for 30,000 people, and those who voluntarily attend the post can reimburse tickets

Japan Telecommunications Company (NTT) has decided to implement a new system from July, and employees can live in any place in China. Half of the company's seven main subsidiaries (about 30,000) can adopt a long -range office model. The work location can be their own home or satellite office. If you must come to the company, you will provide traffic subsidies, and there is no upper limit or even reimburse tickets. This kind of attendance system has been adopted by IT companies such as Yahoo, but traditional large companies like NTT are also unprecedented initiative.

IKEA is sold in the Russian factory with 15,000 layoffs

Recently, the IKEA chain company announced that it will sell factories in Russia, close offices and lay off 15,000 people. This is the world's largest furniture brand's latest measure to cut its business in Russia. Earlier, IKEA temporarily closed stores in Russia and suspended procurement, becoming one of the large number of departure companies. The Swedish company will continue to pay employees until the end of August. In 2000, IKEA opened the first store in Russia, saying that in the foreseeable future, the company will not recover to sell in Russia.

Buffett charity lunch more than 19 million US dollars high prices

On June 17, a well -known "lucky man" won the opportunity to have lunch with Buffett for more than $ 19 million, and the price of winning bids far exceeded the previous record of 4.57 million US dollars. The auction has donated all to Graded Foundation, which is a non -profit organization in Delong District, San Francisco. Since 2000, Buffett began a charity lunch auction. So far, 21 auctions have raised more than $ 53.2 million for the Grad Foundation, and this year is the last session of Buffett charity lunch auction.

(This article was published in "China Economic Weekly", No. 12, 2022)

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