Tag: rate

Bank of Canada Rate Decision: Will Policymakers Stay on Hold Despite Oil-Driven Inflation Risks?

Canada and Caribbean Roshan Abayasekara -
Economists believe that the Bank of Canada (BoC) is widely expected to retain rates on hold on Wednesday 25...

In July, Nigeria’s inflation rate reached…

Africa Warsha De Silva -
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 -
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 -
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

Business & Trade Veronica Elishya -
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 -
BARBADOS - Crop producers across Barbados are coming together to form a national farming group to make a stand...
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BoE upped the base rate in December, but only a handful of savers have felt the benefit

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

Are rate hikes a cure for price pressures?

Money Veronica Elishya -
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?

Business & Trade Veronica Elishya -
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

Business & Trade Veronica Elishya -
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

Money Michael Alfonsia -
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%

Features Michael Alfonsia -
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

Features Michael Alfonsia -
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.

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