Tag Archives: rate

The euro began its downtrend against the US dollar at the end of September after reaching a 15-month high. Despite a potential near-term rebound, analysts suggest the euro’s weakness may persist. ADVERTISEMENT The euro continued to weaken against the US dollar ahead of the crucial European Central Bank (ECB) interest rate decision, set to be announced later today. The EUR/USD …

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 …

The ECB is expected to announce a rate cut on Thursday, responding to falling inflation and worsening economic conditions. Eurozone inflation fell to 1.8% in September, while weak PMI data indicates economic stagnation. ADVERTISEMENT The European Central Bank (ECB) is widely expected to announce a rate cut during its upcoming meeting on 17 October, as deteriorating economic conditions and declining …

The euro weakened to a two-month low against the US dollar following the release of the Federal Reserve meeting minutes. The trend is likely to continue due to shifting expectations about the European Central Bank (ECB) and the Federal Reserve’s approach to interest rate cuts. ADVERTISEMENT The euro fell to its lowest level since 13 August against the US dollar …

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 Minister of Interior, Olubunmi Tunji-Ojo, has defended the recent 45% increase in Nigerian passport fees, attributing the rise to fluctuations in the exchange rate between the naira and the dollar. Speaking at a media briefing in Abuja, marking his first year in office, Tunji-Ojo explained that the government could no longer subsidize the cost of passports.   In August, …