The naira has sustained rally at both official and parallel markets, with the local currency, reaching its strongest level in ...

Since assuming office in September 2023, Governor Olayemi Cardoso has implemented several bold monetary policy reforms aimed ...

Banks’ borrowing from the  Central Bank of Nigeria, CBN, rose sharply by 395.2 percent week-on-week (WoW) to N4.72 trillion last week from N953.11 billion the previous week.

The naira devaluation and government borrowing have pushed money supply growth by 51 percent in one year, according to ...

Since assuming office in September 2023, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has taken aggressive steps to stabilise the economy as his administration has focused on curbing ...

When repo rate is high, borrowing costs for banks increase, which is often passed on to consumers in the form of higher interest ... The MPC also noted that though growth is expected to recover from ...

Inflation in Nigeria is expected to experience a significant decline in 2025 as the impact of Cen­tral Bank of Nigeria (CBN), reforms continue to drive growth and development in key sectors of the ...

RBI Governor Sanjay Malhotra says MPC ... rate by 25 bps unchanged. The meeting of the Monetary Policy Committee (MPC) headed by the new RBI Governor Sanjay Malhotra was scheduled from February 5 ...

Even though mortgage rates ... cut interest rates by more than 0.25 percentage points today. "It’s obvious to me and anyone with a basic understanding of economics that a cut of 0.5% today ...

Interestingly, while the Monetary Policy Committee voted by a majority 7–2 to reduce base rate to 4.5 per cent, those two members opted for a deeper 0.5 percentage point cut to 4.25 per cent.

It had been at 5.25% since August 2023, but the Monetary Policy Committee voted to cut it by 0.25 percentage ... the MPC may raise the base rate. Broadly speaking, a lower base rate is good news for ...

The Bank of England has cut interest ... rates by more than 0.25 percentage points today. "It’s obvious to me and anyone with a basic understanding of economics that a cut of 0.5% today would ...