Browsing Tag

rates

Sudan war sends malnutrition rates across region – WFP


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The UN World Food Programme has warned that the 10-month long war in Sudan has meant malnutrition is soaring across the region and is creating the world’s largest displacement crisis. At least 25 million people are struggling with…

Basic Wages in Britain hit new record growth


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Basic wages in Britain has hit a new record growth rate, according to figures showed on Tuesday, adding to worries for the Bank of England (BoE) about long-term inflation pressures. This comes after 14 back-to-back increases in interest…

France’s Central Bank Head pushes against raising ECB rates


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France's central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank's (ECB) 2% inflation target. Villeroy, who sits on the ECB's governing…

ECB raises interest rates by 25 basis points


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The European Central Bank (ECB) has decided to raise its main interest rates by 25 basis points (bps) in a bid to quell inflation. As of May 10, the interest rates on the main refinancing operations, the marginal lending facility and the…

CBN again, raises benchmark interest rate


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The Monetary Policy Committee of the Central Bank of Nigeria, has raised the benchmark interest rate from 14 to 15.5 percent. This represents a 150-basis-point increase from the 14 percent rate voted during the last MPC meeting in July.…

South Africa’s central bank to keep rates at record low


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South Africa's central bank will keep its repo rate on hold next week as inflation remains benign but raise rates early next year to keep prices lower. The economy was predicted to contract this quarter due to riots and the coronavirus…