بنكي | GLOBAL

India's Economic Growth Surges Beyond Expectations in Final Fiscal Quarter

Indias economy recorded a stronger-than-expected growth rate in the final quarter of the fiscal year, driven by a moderate recovery in agricultural activity and a notable rise in investment, despite rising global economic uncertainty.

South Korea Cuts Interest Rates to Support Economy Amid Political and Trade Turmoil

In a move aimed at supporting the domestic economy ahead of the presidential elections, the Bank of Korea announced on Thursday a 25 basis point cut in its benchmark interest rate, lowering it 2.75% to 2.5%. This unexpected decision comes just five days before the scheduled election on June 3rd, amid political instability and visible signs of economic slowdown.

U.S. Dollar Rises Following Court Ruling Against Trump’s Tariff Powers

The U.S. dollar experienced a notable rise during early Thursday trading, supported by a court decision that prevents former President Donald Trump imposing tariffs on foreign imports. This judicial development marks a significant shift in U.S. trade policy and has had an immediate impact on financial markets, particularly the foreign exchange market.

Gold Leads the Investment Scene Amid Trade Turbulence and Global Uncertainty

Several key factors have prompted major financial institutions to revise their gold forecasts upward. Notably, Citigroup raised its three-month price target for gold 3,150 to 3,500 per ounce. This upward revision reflects rising risks, including U.S. protectionist policies, budgetary concerns, and ongoing geopolitical conflicts in regions such as Ukraine and the Middle East.

Goldman Sachs: U.S. Tariffs to Have Temporary Inflationary Effect, Rate Cuts Still on the Table

Germany at a Crossroads: Fears of a Third Consecutive Year of Economic Contraction

Rising Tensions Spark Gold’s Shine: Are Prices Heading Towards $3,500?

Gold Prices Retreat as U.S.-EU Trade Tensions Ease

Gold prices declined at the start of the week, retreating recent gains after U.S. President Donald Trump announced an extension of the deadline for reaching a trade agreement with the European Union to July 9. This decision effectively postponed his earlier threat to impose a 50% tariff on EU imports starting June 1.

CIB Kenya Hosts Exclusive “Koroga Dinner” in Eldoret to Honor New and Existing Clients

Japan’s Core Inflation Hits Highest Level in Over Two Years

Gold Shines Amid Rising Concerns Over Trump's Tax Bill Proposal

UK Inflation Surges to Highest Level Since January 2024 Amid Rising Living Costs

The United Kingdom experienced a sharper-than-expected rise in annual inflation in April, with the rate climbing to 3.5%, up 2.6% in March. This marks the highest reading since January 2024 and reflects growing cost-of-living pressures, according to the Office for National Statistics ONS.