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UAE Central Bank raises interest rates by 25bpsThe Central Bank of the UAE (CBUAE) said that, effective December 20 it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Boa More… |
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UAE bank deposits hit record $209bn in SeptemberTerm and savings deposits in both local and foreign currency in the UAE banks amounted to a total of Dh768.3 billion ($209.14 billion) in September against Dh752.3 billion in August, increasing by around Dh16 billion, amounting to, according to More… |
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The economics of real ratesIn recent years real interest rates have dropped dramatically across the world, said a report from Bank of America Merrill Lynch (BofAML), noting that underlying this decline is a decrease in neutral or equilibrium real interest rates that is pe More… |
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US Fed keeps rates steady, signals hike by year-endThe US Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. Fed Chair Janet Yellen, speaking after th More… |
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Central Bank of Egypt raises key interest ratesEgypt's central bank raised its key interest rates by 100 basis points at its monetary policy meeting on Thursday, following a jump in inflation last month. The Monetary Policy Committee (MPC) raised the overnight deposit rate More… |
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US Fed keeps interest rates unchangedThe US Federal Reserve kept interest rates unchanged on Wednesday and signalled it still planned to raise rates twice in 2016, though it said slower economic growth would crimp the pace of monetary policy tightening in future years. More… |
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Oil jumps to fresh 2016 highs as dollar dropsOil prices jumped about 3 per cent on Thursday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave US interest rates unchanged. Oil had risen early, the day after an industry group More… |
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Oil jumps to fresh 2016 highs as dollar dropsOil prices jumped about 3 per cent on Thursday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave US interest rates unchanged. Oil had risen early, the day after an industry group More… |
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JPMorgan to raise deposit rates for some big clientsJPMorgan Chase & Co will begin raising deposit rates for some of its biggest clients in January, the Wall Street Journal reported, citing a person familiar with the matter. The bank's deposit-rate increase will affect most More… |
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Fed ups interest rates for first time in a decade in 'dovish hike'The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the US economy had largely overcome the wounds of the 2007-2009 financial crisis. The US central bank's policy-s More… |
