Egypt Devalues Currency, Hikes Interest Rates But Will Reforms Stick?
An $8 billion IMF rescue package and a $35 billion UAE-engineered investment deal end Egypt’s foreign currency shortage. In early March, Egypt’s central bank hiked…
Charting the Global Economy: ECB Holds Rates Steady While US Jobless Rate Rises
Breadcrumb Trail LinksPMN BusinessThe European Central Bank left interest rates unchanged for a fourth meeting as a softer outlook for inflation and economic growth bolstered…
Bank of Canada holds interest rates: Read the official statement
Article content The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit…
BOK Holds Rates, Warns Against Premature Confidence Over Prices
Breadcrumb Trail LinksPMN BusinessThe Bank of Korea warned against overconfidence that inflation is stabilizing near its target after holding its benchmark interest rate steady as…
Inflation, high interest rates biggest headwinds facing EVs in 2024
Article contentInflation and elevated interest rates continue to be the biggest challenges facing the auto sector in 2024, says one industry expert, and that could…
Europe buying Russian oil via India at record rates
India is benefiting from importing cut-price Russian oil amid European sanctions – and also selling that same oil to EU markets at full price once…