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SHOWING 3 Results
Bank of America Corporation got stung by lower interest rates in the fourth quarter, sending its profit down 4%, a trend that management expects to continue this year.
Egypt’s central bank left its key interest rates unchanged, unexpectedly halting an easing cycle that began in August. The bank kept its deposit rate steady at 12.25% and its lending rate at 13.25%, the bank’s Monetary Policy Committee (MPC) said in a statement.
Reserve Bank of India on Friday reduced its key lending rates and extended the moratorium period for interest payments on term loans.