Trump, Donald
US Federal Reserve Governor Adriana Kugler has resigned from her position, effective August 8, creating a vacancy that President Donald Trump can fill as he pushes for lower interest rates. Kugler's departure gives Trump the opportunity to appoint a new governor to the Fed sooner than anticipated, potentially
Economic growth
European Central Bank President Christine Lagarde pointed out during a speech in Jackson Hole, Wyoming, that the contribution of foreign-born workers played a significant role in supporting economic growth in Europe. According to Lagarde, the rise in participation rates and numbers of foreign workers contributed to a decrease in inflation
Financial markets
The US Federal Reserve Chairman Jerome Powell's comments at the Jackson Hole Symposium have sent the financial markets into a frenzy, with the Dow Jones index surging over 2% and the S&P 500 index hitting a record high. Powell's speech hinted at a potential
Financial markets
The Uganda shilling has maintained a stable stance over the past year, driven by a combination of financial market reforms, prudent monetary policy, remittances, coffee export earnings, and offshore inflows, according to the Bank of Uganda. The currency has seen a year-on-year appreciation of 3.2 percent, with the Nominal
Financial markets
Qatar Central Bank has announced a tap issuance of Government Sukuk, which will be traded on the Qatar Stock Exchange starting Sunday, August 24, 2025. This move marks a significant expansion of financial instruments available on the exchange, aligning with Qatar's strategy to diversify its financial market offerings
Financial markets
The government's recent infrastructure bond sale has resulted in a significant financial boost, with investors oversubscribing the tap sale by a factor of four times over. The sale, which targeted Sh50 billion, attracted bids worth Sh207.45 billion, leaving the Central Bank of Kenya (CBK) with a total
Financial markets
Rising inflation, largely driven by higher food and fuel prices, has cast doubts over the Bank of England's plans to cut interest rates further. The annual rate of inflation, measured by the consumer price index (CPI), rose to 3.8% in July, exceeding market forecasts and financial market
Economic growth
The Central Bank of Sri Lanka has released a monetary policy report projecting a 4.5% economic growth rate for 2025, surpassing the World Bank's estimate of 3.5%. The country is expected to achieve a 5% growth in gross domestic product by 2024, thanks to a $2.
Economic growth
President Abdel Fattah El-Sisi emphasized the need to continue efforts to increase dollar earnings, attract more foreign investment, and empower the private sector during a meeting with the Governor of the Central Bank of Egypt, Mr. Hassan Abdallah. The President's directives aim to enhance incentives for economic opportunities
Bank of Canada
As the global trade environment continues to shift, the Bank of Canada's governing council was hesitant to cut interest rates further to support the Canadian economy, despite ongoing uncertainty from US tariffs. The Bank of Canada released detailed deliberations from its meetings in July, revealing that some members
Financial markets
Research led by Queen's University has shed light on the Bank of Canada's emergency response programs, revealing disproportionate support for certain regions and sectors during the COVID-19 crisis. The study demonstrates how the Bank's actions contributed to the entrenchment of financial power and rentiership
Financial markets
The UK's mortgage market is on the cusp of significant change as the Bank of England prepares to cut interest rates by a quarter point. This move, expected to be announced on Thursday, would be the fifth decrease in rates within the year, with city investors placing an
