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interest rate

Brazil's real rises as inflation keeps up rate hike hopes

Brazil's real rises as inflation keeps up rate hike hopes

  • The Mexican currency was flat. Data on Tuesday showed Mexico swung to a bigger-than-expected trade surplus in April powered by record exports.
  • Separate data also showed consumer confidence in Brazil rose in May as households looked through the second wave of the pandemic.
Updated 25 May, 2021 09:31pm
Ghana April consumer price inflation 8.5pc year-on-year in April
World

Ghana April consumer price inflation 8.5pc year-on-year in April

  • The drop puts the rate within the Bank of Ghana's targeted band of 8% plus or minus 2 percentage points for the first time since January.
  • The central bank, which kept it's prime interest rate unchanged at 14.5%, said in March that it expected headline inflation in the gold-, cocoa-, and oil-producing country to return to the target band in the second quarter of 2021.
Published 12 May, 2021 04:55pm
Congo central bank cuts interest rate to 10.5pc
Business & Finance

Congo central bank cuts interest rate to 10.5pc

  • It had hiked the interest rate from 7.5% to 18.5% last August to re-anchor inflation expectations.
  • Growth is forecast at 4.4% in 2022, the IMF said. Congo is Africa's top producer of copper and recorded record output of the metal last year.
Published 16 Apr, 2021 07:41pm
Bank of England should push back against growth risks: Haskel
Business & Finance

Bank of England should push back against growth risks: Haskel

  • Commercial banks should follow BoE advice to make sure they are ready to implement negative interest rates, although the central bank does not yet know if they will be needed later this year, Haskel added.
  • Risk management considerations dictate that policy should lean strongly against downside risks to the outlook and I remain open to the possibility that the economy might need further support to return inflation to the target sustainably.
Published 05 Mar, 2021 09:05pm
Bank of Canada's next move to be tapering asset purchases
Business & Finance

Bank of Canada's next move to be tapering asset purchases

  • The consensus of the March 1-5 poll predicted the BoC would keep its key interest rate on hold at 0.25% through to the end of next year, unchanged from the previous poll.
  • More than 70% of poll participants, or 15 out of 21, who responded to an additional question, said the central bank would taper its asset purchases programme as its next move.
Published 05 Mar, 2021 06:19pm
North Macedonia hails low interest rate for its 7-year 700mn euro Eurobond
Markets

North Macedonia hails low interest rate for its 7-year 700mn euro Eurobond

  • "The bond is aimed to repay the maturing public debt ... and soothe the effects of the coronavirus crisis," Besimi said at a news conference carried live on Facebook.
  • "This rate, compared with others in the region, shows that North Macedonia remains attractive for investors," he said, adding the demand had doubled the amount on offer.
Published 04 Mar, 2021 06:42pm
Bank of Israel holds benchmark interest rate at 0.1pc
Business & Finance

Bank of Israel holds benchmark interest rate at 0.1pc

  • All 15 economists polled by Reuters had said they expected the monetary policy committee to keep rates steady after doing so ever since cutting them from 0.25% early last April.
  • Central bank officials have expressed reluctance to lower the key rate from an all-time low to zero or into negative territory despite a strong shekel and three lockdowns.
Updated 22 Feb, 2021 10:06pm
Ghana central bank holds key rate at 14.5pc
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