Tag: rate

In July, Nigeria’s inflation rate reached…

Africa Warsha De Silva - August 16, 2023

Africa (Commonwealth Union) _ The Consumer Price Index (CPI), a gauge of price changes for goods and services, has...

NZ Economy Enters Recession

Pacific Piumi Fernando - June 27, 2023

New Zealand (commonwealth)_It appears that New Zealand's economy has experienced a slight downturn and entered a recession, as indicated...

Nigeria’s inflation rate reached 22.04% In March 2023, – NBS

Africa Warsha De Silva - April 18, 2023

AFRICA ( Commonwealth Union) _ According to the National Bureau of Statistics (NBS), Nigeria's headline inflation rate jumped to...

Rate hikes usually work in the favour of Canada’s big banks, but CIBC is taking a cautious stance

Commonwealth Business Veronica Elishya - May 23, 2022

TORONTO (CU)_Interest rates are currently on the rise in Canada, and this is generally expected to work in favour...

Farmers still upset over water rate hike

Canada and Caribbean admin - May 13, 2022

BARBADOS - Crop producers across Barbados are coming together to form a national farming group to make a stand...

BoE upped the base rate in December, but only a handful of savers have felt the benefit

Savings & Money News Veronica Elishya - January 20, 2022

LONDON (CU)_In December last year, the Bank of England decided to lift the base rate to 0.25 per cent,...

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Are rate hikes a cure for price pressures?

Savings & Money News Veronica Elishya - November 11, 2021

TORONTO (CU)_Over much of spring and summer central bankers of Canada were arguing that the current record high inflation...

What do potential rate hikes mean for new homebuyers?

Commonwealth Business Veronica Elishya - November 3, 2021

TORONTO (CU)_Ultra-low interest rates boosted Canada's real estate market at a record level amid the COVID-19 pandemic, having propped...

Halifax joins the flurry of rate cutting in the UK

Commonwealth Business Veronica Elishya - August 11, 2021

LONDON (CU)_Over the past few months, some of the biggest lenders in the United Kingdom launched sub-1% mortgage deals...

A special savings account with a higher interest rate

Savings & Money News Michael Alfonsia - July 8, 2021

MUMBAI (CU)_With the interest rate of the State Bank of India's savings account sliding below 3 per cent, the...

Growth prospects brighter with impressive forecasted rate above 5%

Editorial & Features Michael Alfonsia - April 6, 2021

Prospects of continuing the momentum of growth in Canadian economy is brighter than forecasted earlier, despite the COVID-induced contraction. According...

Jobless rate fell to 8.8 percent

Editorial & Features Michael Alfonsia - March 24, 2021

Drastic reduction in Australian jobless rate, which is currently of 5.8 per cent, is a clear message that the...

Nigeria’s mounting unemployment rate.

Commonwealth Business Michael Alfonsia - October 12, 2020

By Asha Jayakody Abuja (CWBN)- According to the Central Bank of Nigeria (CBN) Nigeria's uncertain economy had come to a...