Despite understandable frustration among the general public, it won’t be easy avoiding the Cobra’s Bite COMMENT | SIMON M. MUTUNGI | During the British imperial rule in India, the city of Delhi found itself grappling with a significant infestation of venomous cobras. In an earnest attempt to mitigate this issue, the …
Read More »BOU keeps high interest rate as World Bank, Govt talk over loans
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has decided to maintain the Central Bank Rate (CBR) at a high 9.5 percent despite further drops in inflation rates in the month of September. The CBR is a tool that the central bank uses to direct the cost …
Read More »Bank of England raises interest rate to 4.25 pct
London, UK | Xinhua | The Bank of England (BoE) has raised its benchmark interest rate by 0.25 percentage points to 4.25 percent, the highest since autumn 2008, according to a BoE statement issued on Thursday. At its meeting ending on Wednesday, the central bank’s Monetary Policy Committee (MPC) voted …
Read More »ECB poised to normalize monetary policy
Frankfurt, Germany | Xinhua | The European Central Bank (ECB) unveiled on Thursday a roadmap to wind down stimulus policies and possibly raise interest rates later in 2022. The decision to taper and possibly reverse a years-long policy of negative interest rates came at a time when inflation in the euro …
Read More »NSSF may lower interest to savers as benchmark inflation falls
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is likely to give a lower interest to savers for the year 2020/21, than what was paid out last year, according to the economic conditions prevailing. The decision to raise, lower or maintain the interest rate largely depends on two factors, …
Read More »Standard Chartered’s interest rate gamble
By Ivan Rugambwa & Julius Businge Second largest commercial bank shakes up loan market with 13 percent cut in interest rate If, as is often said, timing is money; then Standard Chartered Bank could be minting quite a bit of it if its recent sharp interest cut pays off. …
Read More »The real interest rate risk
By Zhang Monan The next decade will witness rising interest rates worldwide amid global economic rebalancing Since 2007, the financial crisis has pushed the world into an era of low, if not near-zero, interest rates and quantitative easing, as most developed countries seek to reduce debt pressure and perpetuate fragile …
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