06:52 PM Friday, November 1, 2024 Manal Al-Masry wrote:The International Monetary Fund expects headline inflation in Egypt to approach 16% by the end of the 2024/25 fiscal year, as base-year effects fade and the central bank continues to continued a tight monetary policy with high interest rates. Inflation rate accelerated in the last two months, … Read more
“In any case, we are not getting richer,” Johannes Turner, director of the OeNB’s statistics department, told reporters on Wednesday. It is also evident that in Austria, compared to the euro area, very large amounts of money flow into investments, but very little into retirement provision. In this country, only 15 percent of financial assets … Read more
12:52 PM Monday, October 14, 2024 Manal Al-Masry wrote: The four largest banks operating in the banking sector – at the level of geographical distribution – offer personal loans – money loans – to customers at an interest rate of up to 36% per annum on a basis that going down, at the same time … Read more
progress Hassan Abdullah The Governor of the Central Bank of Egypt, expresses sincere gratitude and thanks to Dr. Mahmoud Mohieldin, at the end of his work as Executive Director ofInternational Monetary Fund Representing Egypt, the Arab Group, and the Maldives on their board of directors, for what he has done over the past four years, … Read more
China’s central bank has cut an important rate for banks to help the struggling economy. By reducing minimum reserves by 0.5 percentage points, banks will have to retain fewer mandatory balances, according to a statement in Beijing. This means that financial institutions have more money available to issue loans or buy government bonds to finance … Read more
Bank Al Maghrib sees no need to intervene in the economy and is keeping the key interest rate constant at 2.75%. Inflation is expected to fall to an average of 1.3% in 2024. Rabat – Today’s meeting of the Board of Directors of the Moroccan Central Bank was awaited with some excitement. Just a few … Read more
Windhoek (bw) • Namibia’s central bank cut its key interest rate on Wednesday for the first time in 14 months. It is now 7.50 percent, as the interest rate was reduced by 0.25 percent. With the interest rate cut, Namibia did not – as usual – follow the South African Reserve Bank (SARB), which left … Read more
At its meeting on Wednesday, the Federal Reserve left the key interest rate at its highest level in more than 20 years, with a range of 5.25 to 5.5 percent. Several interest rate cuts in 2024 – or none at all Powell emphasized that arguments for a reduction had already been discussed. At the same … Read more
Books – Ahmed Yaqoub Monday, July 22, 2024 02:09 PM Eliminating the deficit in web overseas property to document a surplus of $10.3 billion on the finish of June, in comparison with a deficit of $11.4 billion in January 2024. Overseas investments exceed worldwide security requirements and document an all-time excessive of $46.38 billion 200% … Read more
The Russian banks agreed that they’d not publicly talk about the scheme to keep away from worldwide sanctions and transfers in order that they’d not be uncovered to america. The top of the Central Financial institution, Elvira Nabiullina, is confused due to the US stress. She really admitted that she was helpless towards sanctions and … Read more