Uganda’s central bank has reduced its key lending rate by 25 basis points to 10 per cent, marking the first cut in a year. The key lending rate, the main interest rate set by a central bank, influences the interest rates banks charge for loans. According to Reuters, the Bank of Uganda (BoU) cited the…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in coming years, sources said, signaling its resolve to steadily unwind its massive monetary stimulus. The rate decision will…
9 mins ago The Central Bank of Nigeria (CBN), has adjusted the Customs exchange rate for clearance of cargoes at the nation’s seaports and airports from N1,238/$1 to N1,150/$1. 1 day ago The Nigerian Army has dismissed the two soldiers involved in the alleged theft of armoured cables at the Dangote Refinery on April 14….
New York: US stocks fell Wednesday on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend. The S&P 500 was 1.2% lower in a wipeout where nine out of 10 stocks in the index fell. The Dow Jones Industrial Average was down 514 points, or…
