Tag Bank

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The Gulf Central Banks Raise Interest rates by 0.50%

The Gulf Central Banks raised its key interest rate after the Federal Reserve (Fed) increased rates by 0.50% at its meeting yesterday. The currencies of most Gulf countries are pegged to the U.S. dollar, with the exception of Kuwait, which…

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Bank of India Raises Interest Rates by 0.40%

The Reserve Bank of India (RBI) raised its repo rate by 0.40% to 4.40% at its meeting on Wednesday, saying the continued spike in inflation has put pressure on the country’s economy. The yield on India’s 10-year government bond rose…

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Bank of Russia Reduces Interest Rates by 3%

At its meeting today, the Russian Central Bank cut interest rates by 3% to 14%. At the same time, it stated that the financial market had stabilized. “Because price and financial stability risks are no longer increasing. This creates conditions…

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