Sterling rises as July inflation hits 18-month high
The pound sterling edged higher against the dollar and euro on Wednesday after UK inflation data for July showed…
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monetary policy
NZ’s c. bank cuts OCR by 25 bps
New Zealand’s Monetary Policy Committee on Tuesday reduced the Official Cash Rate (OCR) by 25 basis points to 3 per…
Australia cuts cash rate as inflation eases
The Reserve Bank of Australia (RBA) lowered its cash rate target by 25 basis points to 3.60 per cent at its meeting…
Factories at Crossroads: Egypt’s industrial sector between optimism, crisis
Over the past decade, Egypt has undergone sweeping economic changes, with industry positioned as a cornerstone of…
UK cuts interest rate to 4%
The Bank of England (BoE) decided on Thursday to cut the rate by 0.25 per cent points to 4 per cent, citing…
India’s c. bank holds repo rate to curb inflation
The Reserve Bank of India (RBI) has kept its policy repo rate unchanged at 5.50 per cent.
Sterling steady on Tuesday ahead of BoE decision
Sterling edged slightly higher against the dollar on Tuesday and strengthened against the euro, as traders awaited…
Kenya records 4.1% annual inflation in July
Kenya's annual inflation rose to 4.1 per cent in July from 3.8 per cent in June, driven by higher food, transport,…
Asia-Pacific stocks mostly fall after BOJ holds rates
Most Asia-Pacific markets declined on Thursday as investors evaluated the Bank of Japan's decision to keep…
Sterling set for sharpest monthly drop since 2022
The pound sterling is on track for its steepest monthly loss against the US dollar since September 2022, as…
AfDB 2023