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Indonesia surprises by hiking interest rates to seven-year high

Indonesia's central bank hiked interest rates Wednesday to their highest for seven years, an unexpected move to boost the rupiah, which continues to weaken...

US Fed holds key rate steady for fourth straight meeting

WASHINGTON: The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy...

US Federal Reserve likely to lift interest rates to 22-year high

The US Federal Reserve is poised to announce a fresh quarter-percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping...

Fed raises rates, opens door to pause in tightening cycle

WASHINGTON: The Federal Reserve moved its management of the post-pandemic economic recovery into a new phase on Wednesday with what may be the last...

Oil extends losses ahead of expected interest rate hikes

Oil extended losses on Wednesday after plunging 5% in the previous session, as investors priced in expectations for interest rate hikes in the U.S....

Monetary policy: SBP jacks up interest rate to 20pc

KARACHI: The State Bank of Pakistan (SBP) on Thursday raised the monetary policy rate by 300 basis points to 20per cent. “This decision reflects deterioration...

Bank of England raises rates by most since 1989

The Bank of England (BoE) raised interest rates by the most since 1989 on Thursday but it also warned that Britain faced a long...

New Zealand hikes interest rates to seven-year high

WELLINGTON: New Zealand's central bank on Wednesday delivered its eighth consecutive interest rate hike, sending the country's borrowing costs to their highest level in...

Morocco hikes interest rates to slow down inflation

Morocco's central bank on Tuesday raised interest rates by 50 basis points to 2.0 percent in an effort to slow down a surge in...

US Fed raises interest rates by 0.75 bps for 3rd straight time

NEW YORK: The United States (US) Federal Reserve raised its target interest rate by 0.75 basis points for the third consecutive time and signalled...

World Bank warns recession risk rising amid higher interest rates

The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates, the World Bank warned Thursday, calling...

NZ hikes interest rates to 6-year high as prices soar

New Zealand's central bank on Wednesday raised its benchmark interest rate to the highest level in six years and warned further rises were on...

Europe’s central banks hike interest rates to fight inflation surge

LONDON: Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to...

US Fed announces biggest interest rate hike since 1994

WASHINGTON: The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points...

SBP calls meeting to revise interest rates sooner amid price hikes

KARACHI: The monetary policy committee (MPC) of the State Bank of Pakistan (SBP), which regulates the interest rates of the country, has Tuesday decided...

Monetary policy remains unchanged at 7pc

Monetary policy committee says economic activity indicators of consumer and business sentiment showed continued improvement

US dollar falls as expectations of a Fed rate cut rise

The US dollar index weakened on Tuesday as expectations grew that the Federal Reserve would cut interest rates this year to relieve pressure on the economy.

Business community seeks PM Imran help for lowering interest rates

Business community on Monday requested Prime Minister Imran Khan to lower down the interest rate aimed at improving the business atmosphere in the country.

Fed likely to ignore Trump’s call to cut interest rates

Fed officials were in the middle of their latest two-day policy meeting when Trump made his comments.

Oil prices linger near seven-year lows

SINGAPORE: Oil prices hovered near their lowest in almost seven years in Asia Tuesday ahead of the release of US crude inventories and expectations of an increase in American interest rates.

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