 |
Six-month EIBOR up 54.4pc in 2018The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) hit new highs across all terms by the end of 2018, with the six-month rate up 54.4 per cent and 12-month term leaping 39 per cent, a media report said. The More… |
 |
UAE’s Eibor hits new high of 48.6pcThe interest rates charged by the Emirates Inter-Bank Offered Rate (Eibor) hit new highs of 30.7- 48.6 per cent across all terms since the beginning of the year, a media report said. The interest hike is attributed to the US Feder More… |
 |
UAE cbank raises interest rates by 25 bpsThe Central Bank of the UAE has announced that effective today (December14), it will raise interest rates applied to the issuance of its Certificates of Deposits by 25 basis points, a media report said. The move is in line with th More… |
 |
US Fed ups key interest rates, hints at more hikesThe US Federal Reserve raised its benchmark interest rate on Wednesday for the first time in a year and signalled that rates could continue to rise next year more quickly than officials had expected, a report said. The increase ra More… |
 |
Bank of England cuts rates for first time since 2009The Bank of England cut interest rates for the first time since 2009 on Thursday and said it would buy 60 billion pounds ($80 billion) of government debt to ease the blow from Britain's June 23 vote to leave the European Union. More… |
 |
Setback for big banks as court revives Libor lawsuitsA US appeals court has revived private antitrust litigation accusing major banks of conspiring to manipulate the Libor benchmark interest rate, in a big setback for their defense against investors' claims of market-rigging. Th More… |
 |
World Bank trims 2015, 2016 East Asia forecastsThe World Bank cut its 2015 and 2016 growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by the risk of a sharp slowdown in China and possible spillovers from expected increases in US interest rates. More… |
 |
Fed pits world's woes against domestic growthFederal Reserve policymakers appeared deeply divided on Saturday over how seriously problems in the world economy will affect the US, a fracture that may be difficult for Fed chair Janet Yellen to mend as she guides the central bank's debate More… |
 |
India cbank may hold rates now; cut seen by year-endThe Reserve Bank of India is unlikely to loosen policy before October, particularly with retail inflation at an eight-month high after food prices spiked, a Reuters poll of economists found. All but four of 51 forecasters polled e More… |
 |
India cbank surprises with early post-budget rate cutIndia's central bank lowered its policy repo rate by 25 basis points to 7.5 per cent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy More… |
