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The US Fed Reserve has raised the interest rate by 25 percentage points, from 4.5 per cent to 4.75 per cent, which is modest in comparison to the series of...
Egypt’s central bank hiked overnight interest rates by a greater-than-expected 300 basis points, warning that inflationary pressures were building. The rate hike may signal the central bank may be preparing...
The International Monetary Fund (IMF) chief Kristalina Georgieva said on Wednesday that central banks should keep raising interest rates further to fight inflation until they hit a “neutral” level,...
Record-high inflation in the euro zone compounded recession fears stalking markets on Wednesday as central banks on both sides of the Atlantic prepared to raise borrowing costs for businesses and...
China’s central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity...
Pakistan’s main policy rate has been hiked 125 basis points to 15%, the country’s acting central bank governor Murtaza Syed said on Thursday. Syed’s announcement at a virtual press conference...
Stubbornly hot US inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by...
The Reserve Bank of India’s (RBI) key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid...
The central banks across the world seem to have woken up to the reality of rising inflation, and they are using the one weapon in their hands, the interest rate,...
Gulf Today, Staff Reporter The Central Bank of the UAE decided to raise the base rate on overnight deposit facilities by 50 basis points, as of Thursday, May 05,...
