Policy Rates
7 articles
UAE Banks Raise Savings Rates as Credit Demand Outruns Deposits
Banks are advertising savings returns of up to 6.25% as lending grows faster than deposits. The funding squeeze is sharpening competition for customer money ahead of repayments to the central bank.
Emirates NBD Egypt rolls out three-year fixed certificate at 18.5 percent
Emirates NBD Egypt has launched a three-year fixed certificate in Egyptian pounds, offering up to 18.5 percent annual yield. The product targets large deposits and comes with tough eligibility and withdrawal rules.
Emirates NBD Egypt unveils three-year certificate at 18.5% yield
Emirates NBD Egypt is rolling out a three-year fixed certificate in Egyptian pounds. The top yield is 18.5 percent, but only for deposits of at least 500,000 EGP and with a six-month lock-in.
Emirates NBD Egypt lifts variable deposit rate to 19.5 percent
Emirates NBD Egypt has bumped up the annual rate on its three-year variable savings certificate to 19.5 percent. Interest is paid monthly, with a minimum deposit of EGP 5000. The return is tied to the central bank's overnight deposit rate plus 0.5 percent.
Egyptian banks push high-yield savings accounts in fierce deposit race
Egypt's top banks are rolling out savings accounts with steeply tiered rates and flexible rules, shaking up old deposit habits and raising the bar for big savers.
Australian Dollar Outlook Steady as RBA Holds Rates at 4.35%
Goldman Sachs expects the Reserve Bank of Australia to keep its policy rate unchanged through 2026, reinforcing the Australian Dollar's appeal as inflation and economic data remain closely watched by markets
Pound Sterling Faces Pressure as Bank of England Holds Rates
The Bank of England's decision to keep rates steady has left Pound Sterling exposed, with its previous interest rate advantage fading as other central banks consider further hikes