Fx Primus Rebates

India Set To Hike Rates For Third Straight Meeting

India’s central bank is likely to raise its benchmark interest rate as the domestic currency continues to depreciate hitting fresh record lows against the dollar almost every day recently, amid rising oil prices and capital outflows. The six-member Monetary Policy Committee of the Reserve Bank of India is widely expected to lift the repo rate…

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Latvia Industrial Production Growth At 11-month High

Latvia’s industrial production grew at the fastest pace in nearly a year during August, preliminary data from the Central Statistical Bureau showed Thursday. Industrial production rose a calendar-adjusted 6.5 percent year-on-year in August after a 3.6 percent increase in July. The pace of growth was the fastest since September 2017, when output rose 12.9 percent.…

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Iceland CB Leaves Rates Unchanged

Iceland’s central bank left its key interest rate unchanged in October, as the inflation expectations remain above target. The Monetary Policy Committee, led by Governor Mar Gudmundsson, decided to keep its benchmark, which is the rate on seven-day term deposits, unchanged at 4.25 percent, the Sedlabanki said in a statement on Wednesday. The decision was…

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Gold Hits Over One-week High On Safe-haven Demand

Gold prices hit over one-week high on Wednesday amid investor concerns that Italy’s new budget plans could meet resistance in Brussels. Concerns persist about Italy’s plans to tackle budgetary deficit despite reports suggesting that the country plans to reduce budget deficit by 2.0 percent in 2021. The Italian newspaper Corriere della Sera reported that the…

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Turkey Inflation Highest In 15 Years

Turkey’s inflation increased notably to the highest level in 15 years in September, raising scope for another interest rate hike. Consumer price inflation surged to 24.52 percent in September from 17.9 percent in August, figures from the Turkish Statistical Institute showed Wednesday. Economists had forecast an annual rate of 21.1 percent for September. In the…