Banks (Finance)
The Bank of England has cut its key interest rate to 4 percent, the lowest in two years, in a move that highlights growing concerns about the UK's economic outlook and global inflationary pressures. The decision has sent shockwaves across the globe, particularly in emerging markets like Nigeria,
Financial markets
The Bank of Canada is now seen having a 38% chance of announcing a quarter-point rate cut at its next policy meeting on September 17, up from 35% prior to the weak Canadian employment data this morning. The economy added just 3,000 jobs in July, a sharp deterioration from
Banks (Finance)
In a move to mitigate the impact of sluggish economic growth, the Bank of England cut its main interest rate by a quarter percentage point to 4%, its fifth rate cut since August 2023, and the lowest level since March of that year. The decision, made by the Monetary Policy
Banks (Finance)
Aktia Bank Plc performed well in the second quarter of the year, with a strong focus on the Momentum growth program showing tangible positive results. Despite a challenging operating environment, the bank's assets under management increased by 1.3 percent during the quarter to EUR 15.9 billion.
Banks (Finance)
Over the past thirteen years, Serbia has undergone a significant transformation, boasting impressive economic growth, stability, and inflation control. The National Bank of Serbia, under the leadership of Governor Jorgovanka Tabakovic, has made substantial contributions to this progress. Inflation has been reduced by 10 percentage points, from 12.2 per
Banks (Finance)
The Bank of England has made a third interest rate cut this year, lowering the base rate to 4% for the first time in over two years. The decision, which was made after a tight split vote, has sparked speculation about the future of interest rates. Analysts believe that the
Financial markets
The Central Bank of Brazil's Monetary Policy Committee (COPOM) has observed a clearer moderation in credit conditions, affecting interest rates, loan volumes, and increases in delinquency. However, the committee also notes that the new payroll loan program for private-sector workers is expanding more slowly than anticipated, and that
Interest rates
South African consumers are still facing significant challenges in managing their debt, despite a series of interest rate cuts implemented by the South African Reserve Bank. According to DebtBusters' 2025 Money Stress Tracker, debt levels remain elevated, with higher-income earners being the most affected. The report also notes that
Financial markets
Despite the sustained stability in the exchange rate and slowing core inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is unlikely to ease interest rates in the second half (H2) of 2025. According to Prof. Uche Uwaleke, President of the Capital Market Academics of Nigeria
Financial markets
The Central Bank of Nigeria (CBN) is set to remove N220 billion from the financial system through its upcoming treasury bills auction, a move designed to curb inflationary pressures and support the naira. Analysts foresee an increase in interest rates across the money market as a result of this action.
Economic growth
The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 22 percent, a record high, amid the country's ongoing macroeconomic challenges. This decision must be viewed in the context of inflation control, external account stability, and economic growth. The SBP opted to maintain
Economic growth
The U.S. Senate has passed a resolution urging the Federal Reserve to lower interest rates to stimulate economic growth and reduce financial strain on households. The resolution, submitted by Mr. Moreno, cites high interest rates as a barrier to affordable credit and economic expansion. It argues that lowering interest
