Nigeria Lifts Key Policy Rate to New High of 27.25% The Central Bank of Nigeria unanimously decided to further increase its benchmark interest rate by 50 bps to a new record high of 27.25% on September 24th, 2024, marking the fifth consecutive hike this year. The decision aimed at quelling...
However, the regime types moderated the effect of interest rate on savings rate in Nigeria. Furthermore, the results showed that changes in savings rate originated from the variation in itself and other variables such as exchange rate, inflation rate and...
The policy interest rate is an interest rate that a country’s monetary authority (i.e. the central bank) sets in order to influence the evolution of the main monetary variables in the economy (e.g.consumer prices,exchange ratesor credit expansion, among others). The policy interest rate de...
The governor of the Bank of Indonesia said that Indonesia would continue to maintain interest rates at 3.5% until inflationary pressure was felt. The policy interest rate will be calibrated later, or in the third or fourth quarter.This text is a result of machine translation....
Morocco | Key Rate Jun 25, 2024 Central Bank 12.75% - 0.75 Mozambique | Monetary Policy Rate 27 Nov2024 Central Bank 7.00% - 0.25 Namibia | Repo Rate 04 Dec 2024 Central Bank 27.50% +0.25 Nigeria | Monetary Policy Rate 26 Nov 2024 ...
This research work examines the performances and the impact of interest rate on stock market capitalization. Time series data from year 1985-2013 was obtained from the Central Bank of Nigeria (CBN) and the Nigerian Stock Exchange (NSE). The data was analyzed using and time series analyses. The...
Losses in NSE capitalization “It should, however, be noted that the KSh2.34 Trillion is a KSh320 billion gain from the drop of KSh2.02 Trillion recorded at the onset of COVID-19 pandemic in March 2020, which was also the lowest monthly market capitalization,” said Luke Ombara, Director,...
Transmission Mechanism of Monetary Policy in Nigeria: Investigating the Role of Interest Rate Many studies on transmission mechanism of monetary policy only examine statistical relationship between policy variables and target variables. Most of these models may not be able to explain the pathway through ...
2024, but Federal Reserve Chair Jerome Powell said that the first rate cut in four years “could be on the table” inSeptember. Nonetheless, the Fed has faced criticism for its refusal to lower rates, though inflation rates have moved steadily lower. By tightening monetary policy, the Fe...
Uganda’s central bank held its key lending rate at 10 per cent on Monday, saying it expected inflation would slow to hit its target by the end of the year despite a pick-up in January that it thought would be short-lived. The decision,announced by the Bank of Ugandadeputy governor Mic...