RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler …
Read More »Defying fed, Egypt cuts interest rates again as inflation falls
Bloomberg Egypt’s central bank cut interest rates for the second time in six weeks after inflation slowed into its target range, shrugging off rising US rates as it unwinds record-high borrowing costs. The monetary policy committee led by Governor Tarek Amer lowered the overnight deposit rate by 100 basis points to 16.75 percent. The move was predicted by all eight …
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