Monetary Policy

Kenya’s Central Bank: The Watchful Guardian That Holds Back Its Bite
Over the past year, the Central Bank of Kenya (CBK) has persistently reduced interest rates and urged commercial banks to follow this downward trend. However,...

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Tech
1 day ago1 day ago

Over the past year, the Central Bank of Kenya (CBK) has persistently reduced interest rates and urged commercial banks to follow this downward trend. However, despite numerous inspections, warnings, and threats of penalties, borrowing costs for everyday Kenyans have remained largely unchanged. Interest rate reductions failing to benefit borrowers Since October 2024, under the leadership...

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Employers and Economists Applaud Central Bank’s Bold Move to Slash Interest Rate to 27%
After a five-year interval, the Central Bank of Nigeria (CBN) has opted to lower its key interest rate, reflecting a measured adjustment in its monetary...

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Politics Today
4 days ago4 days ago

After a five-year interval, the Central Bank of Nigeria (CBN) has opted to lower its key interest rate, reflecting a measured adjustment in its monetary policy as inflation trends show consistent improvement. Concluding its two-day Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, the CBN decreased the Monetary Policy Rate (MPR) by 50 basis...

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CBN Slashes Interest Rate to 27%: What This Means for Nigerians and the Future of Fintech
The Central Bank of Nigeria (CBN) has announced a reduction in the monetary policy rate (MPR) to 27%, marking the first decline since the onset...

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Tech
4 days ago4 days ago

The Central Bank of Nigeria (CBN) has announced a reduction in the monetary policy rate (MPR) to 27%, marking the first decline since the onset of the COVID-19 pandemic in 2020. This adjustment follows a period of stability, with the rate held steady at 27.5% during the February, May, and July 2025 Monetary Policy Committee...

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Monetary Policy Committee Meeting Sparks Debate: Analysts Split on Whether a Rate Cut is Needed
As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) convenes for its September session, opinions among financial experts remain split on whether it is...

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Politics Today
5 days ago5 days ago

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) convenes for its September session, opinions among financial experts remain split on whether it is appropriate to loosen the restrictive monetary policy that has been maintained for over a year. Some analysts believe that the recent improvements in economic indicators provide the CBN with an...

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CBN hints at possible drop in interest rates as inflation eases
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has indicated that nigeria-fintech-savings-apps/” title=”Top Fintech Apps in … Offering the Best Competitive Interest...

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Politics Today
3 weeks ago3 weeks ago

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has indicated that nigeria-fintech-savings-apps/” title=”Top Fintech Apps in … Offering the Best Competitive Interest Rates on Your Savings”>interest rates could decline in the coming months as inflation shows signs of moderating, a development expected to ease access to credit and stimulate investments. Cardoso made...

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Tinubu Committed to Bold Economic Reforms, Says Shettima
Vice President Kashim Shettima has said President Bola Ahmed Tinubu remains committed to diversifying the Nigerian economy, describing him as a leader with the political...

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Politics Today
3 weeks ago3 weeks ago

Vice President Kashim Shettima has said President Bola Ahmed Tinubu remains committed to diversifying the Nigerian economy, describing him as a leader with the political will to take bold decisions. This is just as the Federal Government has mulled a task team to conceptualise and operationalise good architecture in Nigeria to standardise the country’s architectural...

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