Latest in Tag: central bank Highlight

Advertising Area





Latest in Tag: central bank


ECB keeps rates, asset buys unchanged

The European Central Bank has left key interest rates and its QE asset purchasing scheme unchanged. The move was largely expected as analysts said the bank needed to save some monetary ammunition for a December meeting.The ECB held its key refinancing rate at a record-low level of 0 percent on Thursday, where it’s

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

Basic interest rate raised by 1.5%

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided during its meeting Thursday to raise the basic interest rate by 1.5% on deposits and loans. The decision will increase the overnight rate to is 10.75% and the loan rate to 11.75%. The MPC also increased the deposit and discount rate by …

Daily News Egypt

Egypt business activity shrinks in May: PMI

Reuters – Business activity in Egypt shrank for the third month in a row in May, a poll showed on Tuesday, in a sign the economy remains fragile as former army chief Abdel Fattah Al-Sisi is set to become the country’s next president. Egypt’s economy has been hit by more than three years of political and …

Daily News Egypt