Tag Archives: inflation

The 25 basis point cut, expected by analysts, arrives against a backdrop of settling inflation and anaemic growth. ADVERTISEMENT The European Central Bank (ECB) reduced its interest rates on Thursday afternoon during its October meeting, marking the third consecutive cut since June. New interest rates have been set at 3.40% for main refinancing operations, 3.65% for the marginal lending facility, …

Lower air fares and petrol prices dragged down price increases in September in the UK, prompting hopes that there will be another interest rate cut on the cards. ADVERTISEMENT Inflation in the UK has fallen to its lowest level for more than three years, official figures showed on Wednesday, a drop that has cemented market expectations that the Bank of …

Despite a steep drop in fuel prices, annual inflation in the Netherlands was still 3.5% in September, one of the highest in the eurozone. ADVERTISEMENT Prices in the Netherlands were 3.5% higher in September than a year earlier, according to the final figures published by the Netherlands Statistics Office (CBS).  The pace of the price increase was, however, slightly slower …

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that the decision to raise the Monetary Policy Rate (MPR) to 27.25 percent is a bold move.    According to him, higher interest rates, “while painful for borrowers, are necessary to curb excess money in circulation and control inflation.”   He noted that leadership is about making …

The drop below the target of 2% was mainly due to falling energy prices. However, the European economy may still not be out of the woods. ADVERTISEMENT The year-on-year eurozone inflation rate for September was released on Tuesday, coming in at 1.8%, according to Eurostat. This was a step down from August’s 2.2%, while also being lower than analyst expectations …