UK Inflation Remains Elevated, Reducing Likelihood of June Rate Cut
The United Kingdom's inflation rate dropped to 2.3% in April, as reported by the Office for National Statistics on Wednesday. ...
Tag: #inflation
Oil Loans Surge by 78% to N11.8 Trillion Amid Naira Depreciation
The devaluation of the naira has led to a significant increase in bank credit to Nigeria’s oil and gas sector, ...
Eurozone Economy Rebounds in Q1 with Stable Inflation, ECB Likely to Proceed with Rate Cuts
The eurozone economy showcased resilience in the first quarter of 2024, rebounding from recession with stronger-than-expected growth and maintaining stable ...
Dollar Strengthens Against Euro, Yen, and Yuan: Factors Behind the Surge
The global financial markets are witnessing an unexpected force in 2024: the resurgence of the US dollar. With the US ...
Nigeria’s Inflation Persists Despite CBN Efforts: Understanding the Challenges and Solutions
Despite concerted efforts by the Central Bank of Nigeria (CBN) to rein in inflation through significant policy adjustments, Nigeria's inflation ...
IMF Urges Central Banks to Begin Interest Rate Cuts by End of 2024
In an interview with CNBC’s “Squawk on the Street,” Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), ...
Naira Sustains Bullish Stance Despite Dollar’s Aggressive Gains
Amidst the dollar's recent robust performance, the Nigerian naira steadfastly maintained its bullish trajectory this week, bolstered by lingering concerns ...
Turkey’s Inflation Surges to 68.5% Despite Ongoing Rate Hikes
Turkey grapples with soaring inflation as the annual rate climbs to 68.5% for March, surpassing February's 67.1%, according to the ...
Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%
In response to growing concerns over inflation and economic stability, the Monetary Policy Committee (MPC) of the Central Bank convened ...
CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation
The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate ...
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