The Peoples Bank of China PBOC announced on Monday that it would maintain its benchmark market-linked interest rates unchanged for the sixth straight month, in line with broad analyst expectations.
The new rates are set at 25.00% for the deposit rate, 26.00% for the lending rate, and 25.50% for the main operation and discount rate.
Bloomberg reported that Egypt is preparing for its first interest rate cut in nearly five years
The Central Bank of Turkey raised its benchmark interest rate by 350 basis points on Thursday, April 17, in line with market expectations.
The Bank of Korea decided on Thursday to keep its key interest rate unchanged at 2.75%
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