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EU reveals plan to cut dependency on Russia

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The European Commission has published a plan to cut the European Union's dependency on Russian gas imports by two-thirds by the end of this year and end all reliance by 2030.
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17 Mar 2022

Bank of England hikes interest rates

At 12:00 GMT on Thursday, the Bank of England hiked its Official Bank Rate by 0.25%, increasing rates to 0.75%. The bank also published its Monetary Policy Summary. The GBP/USD currency exchange rate reacted by plummeting in one minute by more than 60 base points or 0.45%.

16 Mar 2022

US Federal Reserve hikes interest rates

On Thursday, 18:00 GMT, The US Federal Reserve hiked interest rates, as expected by 25 base points. The announcement caused an initial drop of the EUR/USD, as the US Dollar surged in value.

17 Mar 2022

Volkswagen does not make 2022 forecast

On Wednesday, Volkswagen announced that the company is reluctant to make any forecasts for the year of 2022 due to various uncertainties.