The EUR fell by 25 bps after the rate hike. Today at 14:15 the European Central Bank announced its decision on monetary policy. As expected, the ECB decided to slow the pace of rate hikes from 50 to 25 basis points

Today at 14:15 the European Central Bank announced its decision on monetary policy. As expected, the ECB decided to slow the pace of rate hikes from 50 to 25 basis points. The prime rate increased from 3.00 to 3.25%. The refinancing rate rose from 3.50 to 3.75%. ECB rates haven’t been this high since late … Read more

International Monetary Fund: continued positive momentum in retail and services in the UAE

Hossam Abdel Nabi (Dubai) A report by the International Monetary Fund confirmed that the continued positive momentum in the retail and service sectors in the UAE contributes to supporting the non-oil GDP growth of the oil-exporting countries in the Middle East and North Africa region by 3.7% in 2023, especially in light of the abundance … Read more

Monetary tightening is starting to take its toll on businesses

Per Robert Nicastro, long-term banker – after having managed, between 2015 and 2017, the first bail-in case in Europe, with the resolution of the four banks in central Italy, Etruria, Marche, Ferrara and Chieti, he founded the fintech bank AideXa together with Francesco Sforza and others – there is, for now, no problem of financial … Read more

The International Monetary Fund calls on European central banks to “slay the beast of inflation”

The International Monetary Fund (IMF) on Friday called on European central banks to “kill the inflation beast” by raising interest rates. “You have to kill this beast,” Alfred Kammer, head of the IMF’s European division, told reporters in Stockholm. He noted that history has many examples of policymakers stopping interest rate hikes, but then being … Read more

It became clear what monetary bonus “Žalgiris” has already secured from the Euroleague – the amount may still increase

“Žalgiris” Kaunas, which won a ticket to the playoffs of the Euroleague, took seventh place in the standings of the regular season. And this guaranteed them a certain monetary bonus. According to the Euroleague bonus system, the seventh place receives 586 thousand euros. This place is currently inhabited by Zalgirians. The financial bonuses of the … Read more

Singapore stopped tightening monetary policy

Published: 2023-04-14 11:11 Photo by Edgar Su (Reuters/Scanpix). Singapore’s central bank decided not to raise interest rates on Friday, surprising markets that had expected a sixth consecutive hike. According to the central bank, the strengthening of the exchange rate will be enough to reduce inflation significantly in the coming years. The central bank also sees … Read more

An $8 million ADF grant to the West African Monetary Institute

The Board of Directors of the African Development Fund (ADF) has approved $8 million in financing for the establishment of a digitally interoperable single bank identification system and a harmonized customer identification framework for Gambia, Guinea, Liberia and Sierra Leone. The implementation of the project will start in July 2023, under the leadership of the … Read more

The International Monetary Fund and the World Bank cut global economic growth forecasts

Your browser doesn’t support HTML5 video Economy With the pressures of high inflation, especially in food prices Dubai – Al Published in: Apr 07, 2023: 01:50 PM GST Last updated: Apr 07, 2023: 02:56 PM GST International institutions are constantly reducing their expectations for the growth of the global economy, especially by the International … Read more

The biggest risk of business development – ​​uncertain monetary policy and increasingly expensive capital :: Dienas Bizness

At a time when the European Central Bank (ECB) is implementing measures to curb inflation, the member states of the European Union (EU) must also start to reduce their budget deficits and move towards a stricter fiscal policy, as it is important that fiscal and monetary policies do not come into conflict, emphasized in the … Read more

We list the biggest electricity consumers in your home! Plus, how much will you pay for it in monetary terms

Specialists of the energy management company “Schneider Electric” have created a list of electrical devices that consume the most electricity at home and calculated how much each of them affects our electricity bills. 50-70% of the electricity bill is made up of heating and cooling equipment “Heating and cooling equipment, such as air conditioners or … Read more