The Swiss National Bank SNB announced on Thursday a 0.25 percentage point cut to its key interest rate, bringing it down to zero. This marks the sixth consecutive rate reduction as the central bank continues its efforts to support the economy amid weakening inflationary pressures.
Gold prices edged higher on Thursday as escalating tensions in the Middle East boosted demand for safe-haven assets. The ongoing conflict between Israel and Iran has heightened geopolitical risks, prompting investors to seek refuge in gold.
Global markets are sharply focused this week on the outcomes of several major central bank meetings, as monetary policy decisions intersect with escalating geopolitical risks and trade pressures. The convergence of weaker economic data, persistent inflation concerns, and volatile oil prices has created an increasingly complex landscape for policymakers.
Forbes Middle East has unveiled its annual list of the Top 50 Publicly Listed Companies in Egypt for 2025, featuring 12 banks that reflect the strength and resilience of Egypts banking sector.
Inflation in the United Kingdom eased in May, strengthening expectations that the Bank of England BoE will maintain its current interest rate when it announces its monetary policy decision on Thursday.
The UK economy experienced a sharp contraction in April 2025, reflecting the economic shockwaves caused by the recent decision by U.S. President Donald Trump to impose broad tariffs on imported goods. This marked the most significant monthly decline in GDP since October 2023.
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