The Independent Petroleum Marketers Association of Nigeria has raised the alarm over likely fuel scarcity despite the increasing costs of petroleum products. The association said that there appears to be disagreement between members of the association and the management of…
Japan hikes interest rates for 2nd time since 2007
Japan’s central bank has raised the cost of borrowing for only the second time in 17 years as it tries to normalise monetary policy in the world’s fourth largest economy. The Bank of Japan (BoJ) increased its key interest rate…
UK tipped for speedier rate cut after surprise inflation fall
A surprise fall in inflation in November has raised hopes that the Bank of England will begin cutting interest rates sooner than expected. Inflation – the rate prices rise at – fell from 4.6% to 3.9% last month, the lowest…
European Central Bank leaves interest rates on hold
The European Central Bank left interest rates unchanged on Thursday for the first time since July last year. The closely watched deposit rate has stayed at 4 per cent, which is a record high. The central bank previously raised rates…