IMF chief: MENA growth to rebound to 3.6% in ’25
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said on Monday growth in the…
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interest rates
ECB rate cut likely in March, more to follow—Simkus
European Central Bank (ECB) policymaker Gediminas Simkus, who is also the Governor of Lithuania's central bank,…
Trump tariffs to fuel US inflation, weaken euro – ECB’s Knot
Klaas Knot, a member of the European Central Bank's governing council, warned on Sunday that new US tariffs imposed…
European banks see Q4 profit surge, ’25 outlook wobbles
European banks are set to post strong fourth-quarter 2024 profits, fuelled by robust lending margins and investment…
Pakistan’s c. bank cuts interest rate by 100bps
The monetary policy committee (MPC) of the State Bank of Pakistan (SBP) decided on Monday to reduce the policy rate…
UK businesses to cut pay awards amid tax hikes
A majority of British businesses plan to reduce staff pay awards following tax hikes announced in October's budget,…
Germany’s economy shrinks in ’24
Germany’s economy contracted in 2024 compared to the previous year with the gross domestic product (GDP) dropping…
China pledges ample liquidity for economy
China's central bank chief stated on Monday that the government will back a moderately loose monetary policy to…
Sterling outperforms major currencies against dollar
The pound sterling is set to end 2024 as the top-performing major currency against the dollar, despite a 1.4 per…
Erdogan: 2025 to be landmark for interest rate cuts
Turkey’s President Recep Tayyip Erdogan announced plans to lower interest rates in 2025, reiterating his belief…