Trends - interest rate - Business Recorder

Business & Finance

Societe Generale says expects Turkey interest rate cut in Q3

In its latest report, the bank also said it anticipated that the Turkish lira will reach 6.2 against the dollar by the end of the year. It currently stands at 6.9945.

Published 17 Feb, 2021 09:18pm

Business & Finance

Chile benchmark rate to rise to 0.75pc in 12 months

Consumer prices are seen rising 0.40% in February, with inflation estimated at 3.15% over the next 12 months - within the central bank's 2%-4% target range.

Published 15 Feb, 2021 06:17pm

Business & Finance

In reversal, Turks shed FX holdings for second straight week

ANKARA: Turkish locals have trimmed their holdings of hard currencies for a second straight week to below $233...

Published 15 Feb, 2021 04:53am

Business & Finance

Russia, holding key rate at 4.25pc, takes more cuts off the table

Bank of Russia keeps key rate at 4.25%.
Decision in line with expectations.
Central bank closes door on more rate cuts.
Sees inflation peaking at 5.5% in coming weeks.
Analysts mixed on timing of possible rate hike.

Updated 12 Feb, 2021 07:38pm

Business & Finance

Turkish lira jumps

ISTANBUL: Turkey's lira hit its strongest level since August on Friday and cemented its position as the...

Published 06 Feb, 2021 04:06am

Business & Finance

Philippine bank lending drops for the first time in 14 years

MANILA: Philippine bank lending fell for the first time in more than 14 years in December, reflecting weak consumer...

Updated 04 Feb, 2021 09:59am

Business & Finance

Polish central bank leaves rates unchanged, as expected

"The decision to keep interest rates unchanged is not surprising," said Mateusz Sutowicz, a financial market analyst at Bank Millennium.
According to recent comments from the governor of the National Bank of Poland, the March meeting.

Published 03 Feb, 2021 09:47pm

Business & Finance

Polish centaral bank says recovery in 2021 will depend on how pandemic develops

It decided to keep its main interest rate on hold at 0.1%.
The bank also reiterated it may intervene in the foreign exchange market.

Published 03 Feb, 2021 09:26pm

Business & Finance

Ghana central bank holds key rate at 14.5pc

The bank said that although inflation had been on a steady decline in the early months of the fourth quarter of 2020, it rose to 10.4 percent outside its target range of 8%, plus or minus 2 percentage points.
Under the circumstances, and given the balance of risks to inflation and growth, the (Monetary Policy) Committee decided to keep the policy rate at 14.5 percent.

Published 01 Feb, 2021 07:55pm

Business & Finance

China central bank says time was 'ripe' to scrap credit card interest rate limits

The move, which was made to free up overdraft interest rates on credit cards, can also promote fair competition in an orderly manner.

Published 28 Jan, 2021 06:41pm

Business & Finance

Fed holds policy steady

WASHINGTON: The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to ...

Updated 28 Jan, 2021 09:28am

Business & Finance

Romania's central bank board unanimously voted 25 bps rate cut: minutes

Board members were of the unanimous opinion that the overall context under review warranted another 0.25 percentage point cut in the monetary policy rate.
The bank's board reiterated that its decision to suspend the calendar of monetary policy meetings.

Published 26 Jan, 2021 06:56pm

Business & Finance

Turkey keeps main interest rate at 17pc

ANKARA: Turkey’s central bank on Thursday kept its main interest rate steady at 17 percent after two consecutive...

Published 23 Jan, 2021 03:56am

World

Biden launches sweeping COVID-19 changes on first full day in White House

The pandemic has killed and infected more people in the United States than anywhere in the world, and left millions out of work due to lockdowns.

Published 21 Jan, 2021 11:44pm

Business & Finance

Brazil keeps 2pc interest rate despite rising inflation

Brazil exited recession in the third quarter of 2020 with economic growth of 7.7 percent, but is still reeling from the effects of the pandemic.

Published 21 Jan, 2021 09:55am

Business & Finance

Poland's Pekao aiming for higher 2021 profit despite low rates

This operation has attracted attention, but this is not something that would change the bank (Pekao).
Pekao is working on a strategy for 2021-23 and if rates remain unchanged in that period its return on equity will not return to its pre-pandemic level of around 9%.

Published 15 Jan, 2021 07:38pm

Markets

Yields highest since March ahead of stimulus, supply

Biden also called for raising the minimum wage to $15, a campaign promise, and for sending out $2,000 in direct cash payments.
Benchmark 10-year notes rose as high as 1.134%, the highest since March 20. The yield curve between two-year and 10-year notes steepened to 99.7 basis points.

Published 11 Jan, 2021 09:23pm

Business & Finance

Mexican inflation likely dips to 7-month low in December

If the estimate is confirmed, it would be the lowest rate of inflation since May, when the consumer price index stood at 2.84pc.

Published 06 Jan, 2021 12:19am

Business & Finance

Russia keeps key rate at record low of 4.25pc

The central bank started cutting rates early this year when the economy took a hit from a plunge in prices for oil, Russia's main export.

Published 18 Dec, 2020 06:45pm

Markets

Turkey's central bank to hike rates another 150 points

This week, Agbal said Turkey will keep monetary policy tight in the new year and hike interest rates further if necessary to achieve a lasting fall in inflation.

Published 18 Dec, 2020 06:32pm

Business & Finance

Bank of Canada keeps key rate at 0.25pc, maintains QE policy

The central bank reiterated that rates would remain at their effective lower bound until economic slack is absorbed, with that not expected to happen until into 2023.

Published 09 Dec, 2020 09:13pm

Business & Finance

Ukraine to keep main interest rate at 6pc over inflation concerns

Ukraine received $2.1 billion from the IMF shortly after securing a new deal in June. But the programme has been derailed by concerns over Kyiv's performance on reforms.

Published 07 Dec, 2020 07:50pm