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BENGALURU: Indian shares inched higher on Wednesday, ahead of a central bank decision that could leave interest rates at record lows, as a second surge in domestic coronavirus cases sparked fears about the impact on economic growth.
LONDON: Traders are scrapping bets that the United Kingdom will implement negative rates this year, calling time on one of the most popular wagers of 2020 ahead of a Bank of England (BoE) meeting that’s expected to address the debate.
LONDON: Britain’s economy will contract this quarter and it will take at least two years for gross domestic product (GDP) to reach pre-Covid-19 levels, according to a Reuters poll which also found London would agree a free-trade deal with the European Union (EU).
NAIROBI, Nov. 26 (Xinhua) -- The Central Bank of Kenya (CBK) on Thursday retained its benchmark lending rate at 7 percent amid the COVID-19 pandemic.
LONDON: The Bank of England asked banks on Monday for information about their readiness for zero or negative interest rates, following up on its announcement last month that it was considering how to take rates below zero if needed.
BEIRUT, Oct. 8 (Xinhua) -- Lebanese economists have been urging authorities to adopt an effective aid mechanism for citizens before starting to lift subsidies on fuel, wheat, medicines and food products from the end of October, citing severe economic and financial trouble in the country.
The dollar started the week and the final quarter of 2020 on softer footing
CONVENTIONAL wisdom has it that the Covid-19 pandemic started to spread from Wuhan, China.
AS countries around the world scramble to enact various forms of expansionary fiscal and monetary policies to alleviate the shock from Covid-19, a key concern arises among economists: can countries afford to pay for these policies?