The International Monetary Fund (IMF) has issued a cautionary note, suggesting that the United Kingdom may experience five more years of elevated interest rates in a bid to curb escalating prices. The IMF anticipates that the UK will encounter the … Continue reading IMF forecasts five more years of high interest rates for UK
Asian shares dipped to their lowest levels in nine months on Thursday, while the dollar reached a two-month peak, reflecting concerns about China’s sluggish economic rebound and apprehensions that the Federal Reserve might still hike interest rates, leading to investor … Continue reading Asian stocks slips to 9 month lows amid concerns about China’s economy and US interest rates
Economists are calling on the Central Bank of Nigeria (CBN) to shift its focus towards addressing supply-side factors, cost-push influences, and structural issues that are driving inflation in the country. Despite multiple interest rate hikes, inflation continues to rise. On … Continue reading Economists criticize interest rate hike as inflation persists
The Central Bank of Nigeria has raised its benchmark interest rate (MPR) to 18.5% during its recent Monetary Policy Committee (MPC) meeting. This marks the highest interest rate in the country in 22 years. The decision was announced by the … Continue reading Nigeria’s central bank raises benchmark interest rate to 18.5% – Highest in 22 years
Businesses in Nigeria are increasingly turning to the debt capital market as they struggle with rising interest rates, devaluation and inflation. Six firms, including ABC Transport, Ardova and Dangote Cement, have raised a total of NGN364.1bn ($884m) through the market … Continue reading Rising interest rates in Nigeria push businesses towards unconventional debt options
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