The Latest Breaking News from central bank

Egypt's statistics bureau says the nation is continuing to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes

Lebanon’s Deputy Speaker Elias Bou Saab pledged Monday that Parliament will never agree to legislate any law that would write off deposits in Lebanon’s banks. Bou Saab was speaking following a session of the joint parliamentary committees devoted to resuming the discussion of the capital control bill. “There is hope…

The Egyptian government pledged to “control the market,” stressing that the US dollar crisis is on its way to being resolved. It has also sought to crack down on currency dealers in the “black market.” The value of the Egyptian pound declined against the US dollar following the Central Bank’s…

Tunisia’s central bank on Friday raised its key interest rate by 75 basis points to 8% from 7.25% to combat high inflation, the bank said, marking the third hike this year. Tunisia's inflation rate jumped to a record 9.8% in November from 9.2% in October. "Through this action, the Central…

The Central Bank of Yemen in Aden affirmed its commitment to the monetary policies it set to protect the local currency from collapse and maintain the stability of the markets. In parallel, Information Minister Muammar al-Eryani accused the Houthi militia of exploiting the truce to double the looting of resources…

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

Despite unprecedented sanctions, Russia's economy is still functioning and it's still attacking Ukraine. That's led to questions about whether the sanctions are effective.

Iraq’s currency plummeted to a new low against the US dollar. In the northern Kurdistan region, the rate stood at 1,550 Iraqi dinars to the dollar - the lowest it has traded since 2004, according to experts. The depreciation in the dinar’s value triggered a wave of severe anxiety in…

The UAE’s central bank expects real gross domestic product growth of 7.6 percent this year from its previous forecast of 6.5 percent, citing stronger performance of non-oil sectors including tourism, hospitality, real estate, transportation, and manufacturing. In quarterly review report for the third quarter of this year, the Central Bank…

Iran's central bank governor on Saturday partly blamed recent anti-government unrest for the fall of the Iranian currency to record lows, while authorities detained a prominent actress who had voiced support for protesters. The unrest also saw groups of oil workers holding protests on Saturday to demand higher wages, according…

Iran's central bank governor on Saturday partly blamed recent anti-government unrest for the fall of the Iranian currency to record lows, while authorities detained a prominent actress who had voiced support for protesters.