Latest in Highlight
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NBE follows in Banque Misr footsteps
Bank raises interest rates on platinum by 2%
CBE keeps interest rates unchanged
Monetary Policy Committee keeps interest rates the same for the ninth time since February last year
Foreign, local pressures boost Saudi rates
By Andrew Torchia / Reuters DUBAI: Saudi Arabia’s market interest rates are climbing as the economy booms, but the rise is as much due to international pressures as strain on banks’ lending resources, and any hike of official rates probably remains distant. The increase in interbank lending costs underlines how Saudi money markets are returning to …
Egypt central bank says holds interest rates, as expected
By Patrick Werr / Reuters CAIRO: Egypt’s central bank kept its overnight deposit and lending rates unchanged on Thursday, in line with expectations after inflation increased only mildly in February and following a cut in the reserve requirement on deposits to help spur growth. The bank’s Monetary Policy Committee kept its benchmark lending rate steady at …
Egypt central bank seen keeping key rates steady
By Patrick Werr / Reuters CAIRO: Egypt’s central bank is expected to leave its key interest rates unchanged this week after inflation increased only mildly in February and following a cut in the reserve requirement on local currency deposits that should help to spur growth. In a Reuters survey, all five economists forecast that Thursday’s meeting …