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The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.

European Central Bank Expected to Cut Interest Rates, Weakening Currency and Diverging from the Federal Reserve

⏲ 0:45 👁 12.9M

Dubai

UAE: Petrol, diesel prices for June 2023 announced

⏲ 1 minute 2 seconds 👁 270

Alexander George

Fuel Price In UAE 🇦🇪 Still Cheaper Than WATER ?!

⏲ 4 minutes 12 seconds 👁 1.1K

A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.

What Are High-Yield Savings Accounts?

⏲ 1:27 👁 15.8M

Gulf News

UAE petrol, diesel prices lowered for September 2022

⏲ 15 seconds 👁 818

Manorama News

യുഎഇയിൽ ഇന്ധന വില കുറച്ചു| UAE - Fuel price

⏲ 38 seconds 👁 800

A look at weekly and monthly data could show that homes for sale are seeing price cuts and fewer people are buying new homes, as consumers continue to grapple with high mortgage rates. Median sale prices hit records in the month of May 2024. Data points to the highest number of price cuts in nearly two years, which could suggest struggles ahead.

Home Sellers Slashing Prices At Fastest Rate In Nearly Two Years: What's Going On?

⏲ 0:57 👁 34.2M

Gulf News

Diesel prices may drop - GN Headlines

⏲ 2 minutes 24 seconds 👁 340

Daily News Dubai

UAE: Petrol, diesel prices for May 2023 announcedHere's how much it will cost Fuels ⛽️ Petrol

⏲ 1 minute 42 seconds 👁 869

Dubai: Over 350 passengers with fake passports caught at airport this year from dubai diesel rate

Dubai: Over 350 passengers with fake passports caught at airport this year

⏲ 1:34 👁 11.4M

CarEdge

3 things to never say to a car dealer

⏲ 54 seconds 👁 1.7M

Business Today

Gulf Passenger Arrested At Indian Airport For Smuggling Over 450g Gold Into Country

⏲ 36 seconds 👁 724.3K

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