GDP growth

CBN holds interest rate at 26.5% as Olayemi Cardoso rejects intervention policies, warns on inflation risks

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Olayemi Cardoso

The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 per cent, reinforcing its cautious approach to inflation control and macroeconomic stability amid renewed economic pressures. The decision was reached during the 305th meeting of the Monetary Policy Committee (MPC), where policymakers opted to hold all major monetary parameters steady despite … Read more

What Bank of England’s interest rate cut means for mortgages and savings

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Could Retirement Age Hit 80? Experts Warn UK Pension System May Be Unsustainable by 2070s

In a closely watched move, the Bank of England has lowered the base interest rate from 4.25% to 4%—marking the fifth rate cut over the past 12 months. This brings the rate back to the level last seen in March 2023. But what does this decision mean for everyday borrowers and savers across the UK? … Read more

Why has the Bank of England cut rates despite high inflation?

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Could Retirement Age Hit 80? Experts Warn UK Pension System May Be Unsustainable by 2070s

The Bank of England’s recent decision to cut interest rates to 4% has sparked widespread debate, particularly given that inflation remains well above its 2% target. This move, made in a closely split vote by the Monetary Policy Committee (MPC), has raised eyebrows—especially as it involved an unusual second vote to break the tie. At … Read more