URGENT: Egypt’s central bank keeps interest rates unchanged
Egypt’s central bank on Thursday decided to keep key interest rates steady.
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high interest rates
UPDATE: Egypt’s central bank cuts key interest rates by 100bps in first 2026 MPC meeting
Egypt’s central bank on Thursday lowered key interest rates by 100 basis points, marking the first monetary policy…
PM: Egypt targets $22b in tourism revenues for ’24
Prime Minister Moustafa Madbouly announced that Egypt is targeting $22 billion in tourism revenues for 2024, with…
World Bank projects 4.7% growth for Kenya in ’24
Kenya’s economy is forecasted to grow at 4.7 per cent in 2024, down from 5.6 per cent in 2023 and closer to the…
BNY Mellon warns of risks in Turkish asset inflows
BNY Mellon has raised concerns about the surge in foreign investment into Turkish assets, suggesting that the…
IMF praises Philippine economic resilience despite challenges
The International Monetary Fund (IMF) praised on Monday the Philippine economy’s resilience despite global…
Belgium’s growth to dip in ’24 – OECD
Belgium’s economy is set to experience a slowdown, with growth projected to dip to 1.3 per cent in 2024, from 1.5…
China’s foreign investment hits 30-year low in ’23
The foreign direct investment in China rose slightly by $33 billion in 2023, the smallest increase since the early…
Australia’s CBA issues dire economic forecast
The Commonwealth Bank of Australia (CBA) warned on Wednesday of potential economic risks in Australia due to high…
BREAKING: Egypt’s central bank hikes key interest rates by 200 bps
Egypt’s central bank has on Thursday hiked its key interest rates by 200 basis points in its first monetary policy…
Global clean-energy investment hits $1.77 trl in ’23
Global investment in the clean-energy transition hit a new record of $1.77 trillion, according to Energy Transition…
UK insolvencies climb to 14% in ’23 amid high interest rates
The number of UK companies that are going bust has soared 14 per cent in 2023 as firms collapsed as higher…
Moody’s: UAE developers to eventually face risks due to high inflation, interest…
Continued high inflation and high interest rates may pose a risk to UAE homebuilders, Moody’s Investor Service…
ECB Chair: interest rates to remain high ‘as long as necessary’
European Central Bank’s (ECB) president said on Wednesday that interest rates will remain high enough to restrict…
Fitch Solutions expects Egypt’s c.bank to hike interest rates by 100bp before year-end
Fitch Solutions expects Egypt’s central bank to raise its key interest rates by 100 basis points before the end of…
Egypt’s central bank raises interest rates by 100 bps to tame inflation
Egypt’s central bank raised its key interest rates by 100 basis points (bps) on Thursday in an attempt to control…
Egypt’s central bank leaves key interest rates on hold
Egypt’s central bank kept its key interest rates unchanged on Thursday after President Abdel Fattah al-Sisi showed…
IMF predicts interest rates decline to pre-Covid levels
The International Monetary Fund (IMF) has suggested on Monday that advanced economies' central banks are likely to…
UN asks rich economies to provide $500bln annually for poor nations
António Guterres, UN Secretary General, condemned on Saturday the rich countries' way of controlling poor countries…