This pickup in demand – along with rising prices – for such goods turned out to be an important factor in the Reserve Bank’s decision to raise interest rates, because it was concerned inflation was broadening.
The Central Bank of Egypt (CBE) has announced a 100-basis-point reduction in its key policy interest rates, citing moderating inflationary pressures and evolving domestic and global economic conditions.
13 (Xinhua) -- The RussianCentral Bank cut its key interest rate for the sixth consecutive time by 0.5 percentage points to 15.5 percent annually on Friday.
The Bank of England made an “error” by cutting interest rates too far and too fast, its chief economist has said ... Interest rates peaked at 5.25pc in 2023 before the Bank began lowering borrowing costs in August 2024.