The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday voted unanimously to raise the Monetary Policy Rate (MPR), the benchmark interest rate to 13% for the first time in nearly two and a half years. The MPR, which is the benchmark lending rate, had been left unchanged at 11.5% since September […]
German consumer price inflation rose further in November to hit another record high, thereby increasing pressure on the European Central Bank (ECB) to react. Preliminary data on the country’s inflation released on Monday by the Federal Statistics Office showed that Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, […]
The European Central Bank (ECB) on Thursday disclosed that it was slowing down some of its massive emergency pandemic support for the Eurozone economy as business activities and consumer spending in the 19 member-countries begin gradual rebound from the COVID-19-spurred recession. The bank stated that it could conduct its bond purchase stimulus at “a moderately […]