interest rates

Growth of the Gulf economies is projected to pick up from September thanks to anticipated interest rate cuts and an increase in oil output, according to new data. In its latest Middle East and North Africa Gross Domestic Product report,…
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Gulf Cooperation Council central banks have held interest rates steady for the seventh consecutive period, aligning with the US Federal Reserve’s benchmark rate of 5.25 to 5.50 percent. Since most regional currencies are pegged to the US…
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A surprise bumper rate hike by Turkiye’s central bank on Thursday boosted the country’s international sovereign bonds, lifted the lira off its recent lows and bolstered banking stocks, accordig to Reuters. The central bank raised its key…
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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…
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The US Federal Reserve voted Wednesday to leave interest rates unchanged for a fourth straight meeting, but said the “risks to achieving its employment and inflation goals are moving into better balance.” The Fed has a dual mandate to…
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The demand for gold globally hit a record high last year, and it is expected to continue to surge in 2024, according to an industry body. The World Gold Council made this projection by assuming that the Federal Reserve will move toward…
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For the 6th consecutive time, Turkiye’s central bank has raised the one-week repo rate to 40 percent, signaling the conclusion of its tightening cycle. In a bid to address persisting inflationary pressures and ensure sustained price…
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The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that acknowledged the US economy’s surprising strength but also nodded to the tighter…
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Despite the high interest rates that followed the US Federal Reserve’s recent quantitative tightening, the banking sector within the Gulf Cooperation Council exhibited continuous lending growth during the second quarter of 2023, as per…
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Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and signaled it may pause further increases, giving officials time to assess the fallout from recent bank failures, wait on the resolution of a political…
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