Browsing: Interest rate

Inflation in the East African nation was steady at 3% year on year in February, unchanged from a month earlier, staying below the government’s target of not more than 5%

The ECB kept borrowing costs at record highs at the meeting but started to cautiously lay the groundwork to lower them in June

Gold prices extended their record run on Monday as the latest data showing a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut in June.

The West African cocoa, gold and oil producer has been restructuring its debts as it tries to emerge from its worst economic crisis in a generation

The Japanese yen tumbled on Tuesday after the central bank made the momentous, but widely anticipated, decision to end its negative interest rate policy, while the dollar rose ahead of the upcoming Federal Reserve decision on rates.

The meeting got under way in Washington at 9am local time (1300 GMT) on Tuesday, the Fed said in a statement

TOKYO: The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus, according to Reuters.

The Fed has raised interest rates to a 23-year high of between 5.25 and 5.50 percent as it looks to return inflation firmly to its long-term target of two percent

CAIRO: Egypt’s central bank said on Wednesday that it had hiked interest rates by 600 basis points at an unscheduled meeting and that it would allow the exchange rate to be set by market forces as it shifted to an inflation targeting regime.

“We’ll see,” Barkin said in an interview with broadcaster CNBC when asked about the possibility of interest rate reductions this year