Tag Archives: rate

Analysts are now hopeful that the Swedish central bank will lower its key policy rate later this month, following five interest rate cuts last year. ADVERTISEMENT Prices in Sweden rose at a slower pace in December compared to the prior month, fuelling predictions that the country’s central bank will cut interest rates at its next monetary policy meeting on 28 …

The Central Bank of the Republic of Turkey (CBRT) has cut its benchmark one-week repo rate by 250 basis points, bringing it down to 47.5%. The move exceeded economists’ forecasts of a 150-basis-point reduction and marked a shift in monetary policy after eight consecutive meetings. ADVERTISEMENT The decision comes amid a consistent decline in inflation, with November’s annual consumer price …

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. ADVERTISEMENT The Fed is set to announce a quarter-point cut to its benchmark rate, from about …

A Nigerian lady, Kumms, has decried the alarming rate of divorce among newlywed couples. Divorce rates are alarming. People are unfollowing each other and removing surnames lowkey in less than a year of marriage, she wrote.   The post People are removing surnames lowkey in less than a year of marriage – Nigerian lady decries alarming rate of divorce among newlyweds appeared first …

Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for the populace. According to the NBS’ latest Consumer Price Index and Inflation for November,  the country’s headline or all-items inflation increased by 0.72 percent on a month-on-month basis. The report also showed that Nigeria’s inflation increased by 6.40 …

Market movements this week will hinge on eurozone business activity data and key interest rate decisions by major central banks, including the Fed, Bank of England, and Bank of Japan. ADVERTISEMENT The financial markets face a busy final week before Christmas. Three major central banks, including the Federal Reserve (Fed),  the Bank of England, and the Band of Japan are …

The ECB cut rates by 25 basis points to 3%, dropping its commitment to keep policy “sufficiently restrictive” and signalling confidence in achieving its 2% inflation target. Economists expect gradual cuts to continue, with risks from trade tensions and geopolitical uncertainties looming. ADVERTISEMENT The European Central Bank (ECB) delivered its fourth rate cut of the year on Thursday, lowering the …

The ECB started cutting the main interest rates in June 2024, to boost the Eurozone’s lagging economy, through lower rates to encourage borrowing, spending and investment. ADVERTISEMENT The European Central Bank (ECB) has cut its deposit rate for the fourth time this year, by 25 basis points to 3%. This is the rate for banks to make overnight deposits and …

US stock indexes returned to positive territory as the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. ADVERTISEMENT Stocks in the US were boosted by the latest inflation data cementing expectations that the US central bank, the Federal Reserve, is likely to cut interest rates at its meeting next …

The euro further declined against the US dollar following the release of US inflation data on Wednesday. Markets will be closely watching the upcoming ECB decision today. ADVERTISEMENT The euro continued to weaken against the US dollar following the US CPI data on Wednesday. The pair of EUR/USD fell for the fourth straight trading day to just under 1.05, the …