monetary policy committee – Miami Crypto Coin

Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%

Post author:MiamiCrypto
Post published:November 3, 2022
Post category:3 75 basis points 75bps Andrew Bailey Andrew Bailey Inflation Bank of England BoE Economics Economy Fed Federal Reserve Hike inflation Inflationary pressures monetary policy committee MPC rate hike rates Repo Rate

On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings…

Kenyan Central Bank Raises Key Rate by 75 Basis Points

Post author:MiamiCrypto
Post published:October 2, 2022
Post category:central bank of Kenya Central Bank of Nigeria (CBN)Emerging Markets inflation rate Monetary Policy monetary policy committee Patrick Njoroge

The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act,…

Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low

Post author:MiamiCrypto
Post published:September 28, 2022
Post category:Africa Black market exchange rate Central Bank of Nigeria inflation rate monetary policy committee monetary policy rate MPC naira depreciation naira exchange rate

Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate…

Nigerian Lenders Frustrating CBDC’s Adoption — Central Bank Governor

Post author:MiamiCrypto
Post published:July 21, 2022
Post category:Central Bank of Nigeria Digital Currency e-naira Emerging Markets Godwin Emefiele inflation Interest rate Mobile banking monetary policy committee MTN

Apathetic Nigerian lenders are frustrating the e-naira’s adoption because they are worried this could deprive them of a key revenue source, Godwin Emefiele, the Central Bank of Nigeria (CBN) governor,…

Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value

Post author:MiamiCrypto
Post published:June 28, 2022
Post category:benchmark interest rate Economics gold coins monetary policy committee Persistence Gwanyanya Reserve Bank of Zimbabwe Zimbabwe inflation

After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the…