TBW #27: Binance continues to expand its European footprint
Published on Sep 29, 2022
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THE BIG SPLASH
The respite will have been very short-lived. Barely six months after halting its asset purchases, the British central bank yesterday made an emergency announcement to resume them. The aim of this operation? To prevent the British debt from exploding.
In recent days, British interest rates have literally soared (above 4% on 10-year maturities), not least because of the Bank of England's new rate hike, which is intended to combat inflation not seen for more than 40 years.