The Central Bank of Egypt lowered the overnight deposit rate to 22% during its policy meeting on August 28, 2025/ representative Image Gold prices in Egypt surged on Friday, August 29, 2025, with 21-karat gold reaching EGP 4,650 (approximately $97.65), marking a sharp response to the Central Bank of Egypt’s recent decision to lower key […]
Bank of England (File Photo AP) LONDON: The Bank of England is widely expected to look past near-term inflationary pressures in the British economy and opt to cut interest rates on Thursday as a result of the potential shock to growth emanating from the tariff policies of the Trump administration. Most economists believe it’s a […]
A man with an umbrella passes by China’s central bank also known as People’s Bank of China, in Beijing. (Picture credit: AP) China’s central bank rolled out major monetary easing measures on Wednesday, slashing a key interest rate and lowering the reserve requirement for banks as the economy reels under the pressure of renewed US […]
