Bank of Japan keeps monetary policy unchanged, sees slightly higher inflation in fiscal 2024
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US Federal Reserve, UAE Central Bank keep interest rates unchanged
The UAE Central Bank (CBUAE) kept interest rates unchanged on Wednesday after the US Federal Reserve held interest rates steady citing “lack of further progress” on inflation. The CBUAE has decided to maintain the base rate applicable to the overnight deposit facility (ODF) at 5.40 percent. “The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity at 50 basis points above the base rate for all standing credit facilities,” the central bank said. ...
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Are the BRICS and Their New Development Bank Offering Alternatives to the World Bank, the IMF and the Policies Promoted by the Traditional Imperialist Powers?
In recent years, the rightful rejection of the policies promoted by the traditional imperialist powers (North America, Western Europe and Japan), followed by the announcements made by the BRICS (Brazil, Russia, India, China and South Africa), have aroused great interest and expectations of major changes, including the creation of a common currency to challenge the More
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Americans See Money in Bank Accounts Increase
As the Federal Reserve opted against cutting interest rates and kept them consistent at 5.25 percent to 5.5 percent, Americans' saving accounts are growing at unprecedented levels.The Fed has levied one of the highest interest rates in more than a decade as inflation remains stubborn. But one side effect of the rates is that Americans' bank account money is soaring in savings interest.: Compare the Best High-Yield Savings Accounts to Grow Your SavingsSavers last year made $315.4 billion in...