Interest Rates News

Egypt kept interest rates at a record high for another meeting as it weighs the effects of a new round of subsidy cuts on inflation that’s been slowing for five straight months.

Egypt kept interest rates at a record high for another meeting as it weighs the effects of a new round of subsidy cuts on inflation that’s been slowing for five straight months.

European stocks eased off Friday’s record high levels as investors awaited US data to gauge the threat of a possible recession and for clues about the Federal Reserve’s next moves on interest rates.

European stocks opened flat, hovering around Friday’s record close as investors awaited US data to gauge the threat of a possible recession and for clues about the Federal Reserve’s next moves on interest rates.

European stocks ended the day little changed, with indexes paring losses in the afternoon, after regional manufacturing data came in slightly above expectations.

Australian retail sales growth stalled in July as elevated interest rates force households to hunker down on discretionary spending.

Canada’s economy grew more than expected in the second quarter, but falling per-capita gross domestic product and softening household consumption should keep the Bank of Canada on track to cut rates for a third straight meeting next week.

Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, and about a quarter of that borrowing could be hard to refinance, according to Jones Lang LaSalle Inc.

European Central Bank Governing Council member Francois Villeroy de Galhau backed a cut in interest rates next month after data showed a marked slowdown in inflation in August.