Cardoso Explains Why CBN Cut Interest Rate to 23%
CBN Governor Olayemi Cardoso explains why the bank cut interest rates to 23%, citing falling inflation, stronger reserves and fiscal coordination.
Tag: Interest rate
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Japan Raises Interest Rates to 31-Year High as Prices Rise
The Bank of Japan (BoJ) has raised its key interest rate from 1% to 1.25%. The move takes Japan’s rate to its highest level since 1995. The central bank wants to control rising prices linked to global tensions and the Iran war. Japan now joins the US Federal Reserve and European Central Bank in tightening…