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" Interest rate"

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Business - Economy
5/6/2022 9:43:42 PM
With the US Federal Reserve (Fed) deciding to increase its interest rate by a rare half-percentage-point — the largest increase in two decades — in an effort to reduce burgeoning inflation that is running at a four-decade high, major economic impacts are looming for countries worldwide, especially emerging markets like Egypt.

Business - Economy
5/5/2022 10:33:13 AM
Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.

Business - Economy
5/4/2022 8:19:49 PM
The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday - its most aggressive move since 2000 - and signaling further large rate hikes to come.

Al-Ahram Weekly - Economy
4/15/2022 5:45:00 PM
Egypt’s car market is in limbo following decisions leading to the depreciation of the pound and a rise in interest rates.

Business - Economy
4/6/2022 1:09:34 PM
The Central Bank of Egypt (CBE) included doctors, physiotherapists, and dentists who are authorised by the Medical Syndicates Union to the list of beneficiaries for its initiative for financing small enterprises and establishments, the bank announced on Tuesday.

Al-Ahram Weekly - Egypt
4/6/2022 11:48:00 AM
New deposit certificates offering an 18 per cent interest rate have seen a huge public turnout.

War in Ukraine - Economy
4/1/2022 1:33:11 PM
Inflation in Europe soared to another record, according to new EU figures released Friday, in a fresh sign that rising energy prices fueled by Russia's war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates.

Business - Economy
3/22/2022 2:45:35 PM
Proceeds from certificates of deposit offered by state-owned banks on Monday – the National Bank of Egypt (NBE) and Banque Misr – reached EGP 13 billion in the first day of offering, the two banks announced on Tuesday.

War in Ukraine - Economy
3/22/2022 9:52:36 AM
Oil prices extended their rally Tuesday on supply worries as European leaders debated banning imports from Russia, while equities advanced despite a tepid Wall Street lead and the prospect of a sharper hike in US interest rates.

Business - Economy
3/21/2022 8:45:12 PM
The US central bank is prepared to raise interest rates by bigger steps than the quarter-point hike announced last week if that is what's needed to contain "much too high" inflation, Federal Reserve Chair Jerome Powell said Monday.

Business - Economy
3/21/2022 12:57:00 PM
In an unscheduled meeting, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) raised key interest rates by one percent for the first time since 2017.

World - Region
3/17/2022 3:32:56 PM
Turkey's central bank kept interest rates unchanged for a third straight month Thursday as consumer prices surge at an eye-popping pace, coming after a series of rate cuts last year triggered a currency crisis that has made it difficult for people to buy basic goods.

War in Ukraine - Economy
3/17/2022 12:34:07 PM
The Bank of England on Thursday is likely to raise its key interest rate for the third time since December as it pushes ahead faster than other central banks in combating a global wave of inflation fueled by soaring energy prices.

Business - Economy
3/16/2022 8:58:23 PM
The Federal Reserve escalated its battle against the wave of prices increases battering the US economy on Wednesday by raising the benchmark interest even as it acknowledged the risk posed by the war in Ukraine.

Business - Economy
3/16/2022 6:31:48 PM
US central bankers on Wednesday are poised to take the first step to raise borrowing costs in a bid to cap rising inflation before it surges out of control.

Al-Ahram Weekly - Egypt
3/15/2022 9:20:59 PM
Egypt’s main inflation rate hits its highest level in almost two and half years in February, reports Ahmed Kotb

War in Ukraine - Economy
3/14/2022 9:46:31 AM
Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end, while this week's Federal Reserve meeting is in focus as it prepares to start lifting interest rates.

World - International
3/3/2022 11:00:56 AM
Turkey's annual inflation rate in February hit a two-decade high, data from the statistics agency showed Thursday, amid President Recep Tayyip Erdogan's unorthodox policies to cut interest rates and a weakening currency.

War in Ukraine - Economy
2/28/2022 1:01:47 PM
Russia's Central Bank has sharply raised its key rate from 9.5% to 20% in a desperate attempt to shore up the plummeting ruble which has sunk nearly 26% against the US dollar.

Business - Economy
2/15/2022 3:27:07 PM
Developing countries, including Egypt, are under elevated risk of financial fragility caused by the COVID-19 crisis and non-transparent debt, according to the World Development Report 2022 released by the World Bank on Tuesday.

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