Inflation

Ghana's central bank kept its key interest rate at 29% in a decision announced on Monday, saying inflation risks were still on the upside and required close monitoring. The West African cocoa, gold and oil producer has been restructuring…

The Swiss National Bank on Thursday became the first major central bank to cut interest rates after a sustained period of hikes to combat soaring inflation, with all eyes on when the US Federal Reserve will follow suit. The SNB cut its…

The National Bureau of Statistics (NBS) has disclosed that Nigeria's headline inflation rate increased year-on-year (YoY) by 1.8 percentage points to 31.7 per cent in February 2024 from 29.9 per cent in January 2024. This represents the…

The National Bureau of Statistics (NBS) on Friday disclosed that Nigeria’s inflation rate increased to 28.02 percent in November 2023, reaching its highest peak since August 2005. The last time the inflation rate in Nigeria reached 28.20…

Indonesia is preparing policy packages to keep inflation low, protect people's purchasing power, and support economic growth, its finance minister said on Monday. Reuters reports the regulators will also conduct stress tests for the…

Despite the rising inflation in Nigeria, credit to the private sector increased to N58.6 trillion in September 2023, becoming the highest so far, according to the Central Bank of Nigeria (CBN) latest money and credit statistics. With the…

Nigeria’s inflation rate increased to 26.72 percent in September 2023, recording another record high since 2005 when it peaked at 28.2 percent. The National Bureau of Statistics (NBS) on Monday revealed that the inflation rate in Nigeria…

Oil prices edged lower on Thursday on growing expectations that key Western economies would maintain high interest rates to tackle stubborn inflation. By 1312 GMT, Brent crude futures were down 66 cents at $95.89 a barrel after rising to…

Inflation has surged 18-year high to 25.80 per cent in August 2023, rising 1.72 points higher than the 24.08 per cent recorded in the previous month. The new rate is the eighth time consecutive jump in the year, pushed up by the rising…

Reforms are needed in Nigeria to increase competition and reduce the ability of large and dominant firms to dictate the cost of goods and services in Africa’s most populous nation, a central bank official said. The low level of…