Gold prices decline on Federal Reserve rate decision in trading
Bullion faced renewed selling pressure across international trading desks as global commodity markets digested a quarter-point interest rate hike by the U.S. Federal Reserve. Spot...
Tag : monetary policy
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...
South Korean economy sees 2 percent growth in 2024, up from 2023
South Korea's economy expanded by 2 percent in 2024, according to preliminary data released Wednesday by the Bank of Korea (BOK). The growth rate aligns...
UK inflation jumps to 3% as transport and food prices surge
The United Kingdom's inflation rate rose to 3% in January, surpassing analyst expectations of 2.8%, according to data released by the Office for National Statistics...
Fed Chair Powell signals smaller rate cuts to keep economy in solid shape
MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although...