Bank Of Israel Will Only Intervene If There Are Market Failures
The Bank of Israel’s Governor, Amir Yaron, has said that currency intervention may only be required to sustain the lower shekel in the event of market failures. The central bank has kept the benchmark interest rates at 4.75% for the second consecutive month in line with market expectations. Yaron has also argued that additional interest […]
The Shares of BlackBerry Have Dropped After The Company Reported That Its Preliminary Q2 Revenue Has Fallen Short Of The Estimates
BlackBerry, the Canadian technology company, has forecasted a 21.4% decline in second-quarter revenue due to weak performance in its cybersecurity segment. The company expects revenue of about $132 million, compared to $168 million last year. This decline is attributed to delays in closing certain large deals; According to the Executive Chair and CEO, John Chen. […]
The Polish Central Bank Has Surprised the Market
Poland’s central bank took the financial world by surprise on Wednesday, slashing its main interest rate by 75 basis points to 6.00%. This decision was made ahead of the October elections and caused the zloty currency to plummet against the euro. A recent Reuters poll of analysts had predicted a 25-bps cut, but the scale […]
