Business

Turkiye: Central bank steadies interest rate at 50 percent

The Turkish Central Bank decided on Thursday to keep the interest rate AT 50 percent for the sixth month in a row declaring vigilance vis a vis the inflation but stoppING short of indicating whether it would ultimately stiffen the monetary policy.

T…

Saudi Central Bank cuts Repo rate by 50 bp to 5.5 pct

The Saudi Central Bank, in line with its objective of preserving monetary stability, decided Wednesday to reduce the rate of Repurchase Agreement (Repo) by 50 basis points to 5.5 percent.

The rate of Reverse Repurchase Agreement (Reverse Repo) was a…