
Iceland Raises Interest Rates Again While Egypt Holds Steady
Iceland's central bank has once again raised interest rates, with officials suggesting that people need to spend less. In contrast, Egypt's central bank has decided to hold its overnight rates steady.
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Egypt’s central bank holds overnight rates steady
By Investing.com
Read full article →In Focus | Interest Rates Rise Again! “People” Need to Spend Less
Iceland’s key interest rate has risen to 8% as the Central Bank tries to cool inflation. That means “people” need to spend less. But who exactly are those people—and what happens when they do? “Here we go again.” That was Melkorka Sigríður Magnúsdóttir’s reaction when she heard that interest rates were going up again. Melkorka [...]… The post In Focus | Interest Rates Rise Again! “People” Need to Spend Less appeared first on Iceland Review.
By York Underwood
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