Browsing: Interest rate

Egypt’s central bank as expected left its overnight interest rates on hold on Thursday, saying inflation pressures had subsided but that economic growth had softened.

LONDON – The Bank of England’s first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken publicly for more than two months due to rules in the run-up to July 4’s election.

The rate was at the level of 14.95% in early May and in the middle of the last month The…

Ghana, the West African cocoa, gold and oil producer has been restructuring its debts as it tries to emerge from its worst economic crisis in a generation

Inflation in the East African nation was steady at 3% year on year in February, unchanged from a month earlier, staying below the government’s target of not more than 5%

The ECB kept borrowing costs at record highs at the meeting but started to cautiously lay the groundwork to lower them in June

Gold prices extended their record run on Monday as the latest data showing a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut in June.

The West African cocoa, gold and oil producer has been restructuring its debts as it tries to emerge from its worst economic crisis in a generation

The Japanese yen tumbled on Tuesday after the central bank made the momentous, but widely anticipated, decision to end its negative interest rate policy, while the dollar rose ahead of the upcoming Federal Reserve decision on rates.

The meeting got under way in Washington at 9am local time (1300 GMT) on Tuesday, the Fed said in a statement