INTEREST RATE Archives - Global Upfront Newspapers

Bank of Canada Hikes Key Interest Rate By Full Percentage Point In Surprise Move Over Raging Inflation

Global UpfrontJul 13, 2022July 13, 20220

The Bank of Canada has increased its benchmark interest rate by a full percentage point, taking a larger than expected hike to tame decades-high levels

U.S. Federal Reserve Hikes Interest Rates By 75 Basis Points For First Time Since 1994

Global UpfrontJun 15, 2022June 15, 20220

The U.S. Federal Reserve announced Wednesday it would hike interest rates this month at the fastest pace in nearly 30 years after a discouraging May

Nigeria Just Hiked Interest Rates: Why It’s The Wrong Recipe For Curbing Inflation

Global UpfrontJun 6, 2022June 6, 20220

It is hard to fathom how Nigeria’s Central Bank interest rate increase would benefit most Nigerians The Central Bank of Nigeria recently announced an increase

CBN Cut Interest Rate on Its Bank Applicable Facilities from Nine to 5 Per Cent

Global UpfrontMar 16, 2020March 16, 20200

In reaction to the negative effects of the pandemic, Coronavirus, the Central Bank of Nigeria (CBN) on Monday cut interest rates on all applicable apex