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Latest in Tag: interest rates

CBE lowers interest rates 1% for the first time since floatation

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to lower the overnight deposit rate, the overnight lending rate, and the rate of the Central Bank of Egypt’s (CBE) main operation by 100 basis points to 17.75%, 18.75%, and 18.25% respectively. The discount rate was also reduced by 100 basis points to 18.25%. …

Mohamed Samir

US Fed: Interest rates unaltered, upbeat outlook

The US Fed kept its key interest rate unchanged in its first policy meeting since Donald Trump took over as president. Painting a relatively upbeat picture of the economy, it said it expects only gradual rate rises.The Federal Reserve’s decision on Wednesday to leave its benchmark interest rate unaltered came at a time of solid …

Deutsche Welle

Germany issues bonds with negative interest

Investors are now paying to own German bonds, as they flock towards safe havens amid Brexit fears and turbulent stock markets. The ECB’s quantitative easing program further pushes down interest rates on sovereign debt.

Deutsche Welle

China announces further stimulus amid slump

The People’s Bank of China has cut interest rates for the sixth time since November as the drooping economy shows few signs of picking up any time soon. This comes as leaders are expected to lower China’s growth target. China’s central bank on Friday announced further stimulatory steps to jumpstart its flagging economy, cutting interest …

Deutsche Welle

Fed leaves door open for September rate hike

Following a two-day policy meeting, the Federal Reserve kept its benchmark interest rates unchanged at near zero percent. The central bank also said that the US economy and jobs market are continuing to strengthen. The bank’s rate-setting Federal Open Market Committee said in a policy statement on Wednesday that the US economy has expanded “moderately” …

Deutsche Welle