EL-ALAMEIN / GULF TIME Binghatti has made another historic mark on Egypt’s North Coast with ...
Read More »Indonesia favours rupiah stability above growth in rate move
Bloomberg Indonesia’s central bank is showing its willingness to sacrifice economic growth for currency stability in its latest aggressive move on interest rates. Bank Indonesia surprised economists with a bigger-than-forecast 50 basis-point hike, on top of two rate increases in May aimed at halting a currency rout. That takes the benchmark rate to 5.25 percent, with analysts betting there’s more ...
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