As the Nigerian naira experiences a sharp depreciation against major currencies, financial analysts are predicting that the Monetary Policy Committee (MPC) will opt for another interest...
Kenya’s Central Bank has opted to maintain its benchmark interest rate at a 12-year high. The Monetary Policy Committee, led by Governor Kamau Thugge, announced on...
As the Central Bank of Nigeria (CBN) announced a hike in the Monetary Policy Rate (MPR) from 22.75% to 24.75%, concerns have been raised by the...
The Central Bank of Nigeria (CBN) has announced a significant increase in the monetary policy rate, known as the interest rate, to 24.75%. This move disclosed...
As Nigeria grapples with persistently high inflation, the Central Bank of Nigeria (CBN) is gearing up to implement its tenth consecutive interest rate hike in a...
The Central Bank of Nigeria (CBN) has raised the benchmark interest rate by 400 basis points to a record 22.75%. The decision made by the Monetary...
Nigeria’s central bank is expected to raise interest rates by as much as 500 basis points next month and provide clarity on foreign-exchange management that’s blamed...
Chairman Powell Leaves Room for Further Rate Hikes Based on Incoming Data
The Central Bank of Nigeria‘s Monetary Policy Committee (MPC) has hiked interest rate by 25 basis points from 18.5% to 18.75% on Tuesday. The announcement was...
Broad money supply (M3) in April 2023 grew by 22.11%