Committees

Credit growth expected to stabilize: Central Bank

Credit growth rates are expected to stabilize following the policy rate decision taken in March and the macroprudential measures, according to the Central Bank.

Total loan growth has accelerated since the bank's rate-setting meeting in February, the bank said in the summary of the March Monetary Policy Committee (MPC) meeting, released on March 28.

Fed set for further steep rate hike as recession fears loom

The U.S. Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.

American households have been squeezed by soaring consumer prices, propelling economic issues to the top spot among voter concerns in upcoming midterm elections.

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