Archives Tag: monetary policy
CBN Reduces Interest Rate Benchmark to Stimulate Economic Growth
April 19, 2022
For the first time in six years, Central Bank of Nigeria has reduced the benchmark for its interest rate, cutting it from a record high of 13% to 11%, differing from other countries in Africa that have tightened their monetary policies because of their weak currencies. No one, not even the 20 economists surveyed by … Continue reading CBN Reduces Interest Rate Benchmark to Stimulate Economic Growth
By mary-odunuga
European Central Bank Under Pressure to Loosen Eurozone Monetary Policy
April 19, 2022
The European Central Bank (ECB) President Mario Draghi takes the spotlight this week as the market’s attention turns to Friday’s Consumer Price Index data release for the 18-member Eurozone state. Volatility is expected in the market around Friday’s announcement, especially because January’s reading of 0.7% shocked the market confounding expectations for a rise to 0.9%. … Continue reading European Central Bank Under Pressure to Loosen Eurozone Monetary Policy
By guestpost
