I wrote – Manal Al-Masry: Banks have continued to issue new savings certificates, or to adjust the interest to increase or decrease the return on certificates, since the emergence of the emerging Corona virus crisis. On Wednesday, the National Investment Bank started issuing a new high-return investment certificate for individuals and legal persons, through all … Read more
Last updated: Saturday 2 Rabi` Al Thani 1441 AH – November 30, 2019 KSA 11:40 – GMT 08:40 Posted on: Saturday 2 Rabi` Al Thani 1441 AH – November 30, 2019 KSA 10:25 – GMT 07:25 Source: Buenos Aires – Reuters – The Argentine central bank said on Friday that it will keep the benchmark … Read more
Manal Al-Masry wrote: All banks decided to reduce the interest on short-term deposits, the return of which will be spent at the end of their maturity, in conjunction with the Central Bank’s decision to cut interest by 3%. The central bank decided to cut interest rates unexpectedly 3% in the middle of last month, to … Read more
05:49 PM Monday 23 March 2020 – Cairo – Agencies: Six bankers told Reuters on Monday that the Central Bank of Egypt instructed banks to cut interest on dollar deposits to 1% above the London inter-bank interest rate (LIBOR), a maximum that will be spent every three months, instead of 1.5% above (LIBOR). “The aim … Read more
Actually, Sunday is not the usual time to announce interest rate decisions. But the US Federal Reserve is responding to the spread of the corona virus and lowering key interest rates for the country. The Federal Reserve has surprisingly cut interest rates for the second time in two weeks because of the consequences of the … Read more
There is great concern worldwide about the corona virus. Companies are in crisis mode and investors are unsettled. Finance ministers and governments around the world are trying to prevent the worst. One thing is already certain: It will be expensive. Within a few weeks, the novel corona virus spread worldwide – and stock exchanges and … Read more
After bond yields fell and stocks fell due to the Federal Reserve’s sudden decision to cut interest rates, the price of gold domestically and locally witnessed a significant rise, with the yellow metal registering its highest levels in the month of March, an ounce of gold recording an increase close to $ 50 achieved 1645 … Read more
09:36 PM Thursday 20 February 2020 – I wrote – Manal Al-Masry: The Central Bank’s monetary policy committee decided, at its meeting, on the second of this year, Thursday evening, to fix the deposit and lending rate for one night for the second time in a row from the beginning of this year. The central … Read more
The Central Bank of Egypt’s monetary policy committee decided, at its meeting, on Thursday evening, to fix the rate of return on deposits and lending for one night and the central process price of the Central Bank at 12.25%, 13.25% and 12.75%, respectively, and to fix the credit and discount rate at 12.75%. In times … Read more