This is against the backdrop of the global monetary policy trend, which has seen the American Central Bank , and the Bank of England increasing Monetary Policy Rates .
Uwaleke, a Professor of Economics from Nasarawa State University, said that his projection was informed by rising inflation rates as well as the trend in some developed countries. “For example, the U.S. Federal Reserve recently increased the benchmark rate by 75 basis points while the Bank of England increased by 50 basis points,’’ he said.
“Further policy tightening may not really tame inflationary pressures that are stemming more from the high cost of energy and negative impact of insecurity on food output.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Palestinian killed by Israeli fire in West Bank | The Guardian Nigeria News - Nigeria and World NewsIsraeli troops killed a Palestinian man in the occupied West Bank on Sunday, the Palestinian Authority said, with Israel's army saying soldiers fired on 'armed suspects' during a routine patrol.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Scanner contract: NASS summons CBN Gov, Finance Minister, othersThe National Assembly has summoned the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele to appear before it on Thursday on the state of the award of scanners that had been adjudged not functional.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
World Bank, agency collaborate to repair Ogun roadsThe World Bank and French Development Agency have collaborated with the Ogun State government on the construction and rehabilitation of rural roads in the state. They must have seen something tangible in Ogun, you all be watchful Ogun State is the headquarters of bad roads in Nigeria. Thanks to God, because the roads aren't anything to write home about.
Source: MobilePunch - 🏆 8. / 63 Read more »
Sterling Bank Reiterates Importance of Developing Arts – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Sterling Bank to change name as shareholders approve restructuringThe lender will become known as Sterling Financial Holdings Company when the transition is delivered. Hope say the name change no go affect my money for there... With the brand name having been damaged by association?
Source: PremiumTimesng - 🏆 3. / 78 Read more »