Egyptian expat remittances surge 27.2% to $33.9 billion
– Remittances from Egyptians working abroad rose 27.2% in the first eight months of 2026 to a record $33.9 billion. The Central Bank of Egypt...
Tag : monetary policy
Gold prices decline on Federal Reserve rate decision as spot drops
Gold prices continued their downward trend across global commodity exchanges as investors digested the decision by the U.S. Federal Reserve to raise benchmark interest rates...
Japan stocks slide as Nikkei falls and bond yields rise
Japan's Nikkei 225 slid nearly 2% in early trade Monday as markets reacted to rising expectations for higher interest rates. The benchmark fell 1.97% to...
Private sector wage growth hits six year low in latest UK data
Private sector wage growth hits six year low in the United Kingdom as official earnings figures show regular pay in the private sector slowed to...
Egypt reserves cross $55 billion for first time in June
Egypt’s net international reserves reached a provisional $55.0723 billion at the end of June 2026. The total exceeded $55 billion for the first time and...
Dollar heads for weekly gain as yen nears 160 level
The dollar headed for a weekly gain on Friday as the yen hovered near the key 160 per dollar level, keeping currency markets focused on...
Bank of Korea keeps rate at 2.5% for seventh hold
SEOUL: The Bank of Korea held its benchmark interest rate at 2.50% on Friday, extending a pause that began in July 2025 and marking a seventh straight policy...
South Korea central bank hits record annual profit
SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains...
Bank of Japan lifts rates to highest level in 30 years
TOKYO, December 20, 2025: The Bank of Japan on Friday raised its benchmark interest rate to the highest level in three decades, marking another milestone in...
Stable monetary policy propels Nikkei to an eight-month peak
In a significant financial development, the Nikkei, Japan's premier stock index, surged to an eight-month high, driven by the Bank of Japan's (BOJ) decision to...