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Inflation: Turkey Increases Minimum Wage By 49%

Inflation: Turkey Increases Minimum Wage By 49%

A substantial rise in the Turkish minimum wage before the mayoral elections will offer relief to households but also present challenges in managing inflation. Turkey’s government will raise the minimum wage by almost half to…

Inflation: Ghana To Keep Rates At 30%

Inflation: Ghana To Keep Rates At 30%

Amid the constant decrease in inflation within its economy, the Bank of Ghana has announced its plan to conclude its series of interest rate hikes on Monday, September 25. Following the poll conducted by Reuter,…

UK House Prices Drop Amid Rising Interest Rates

UK House Prices Drop Amid Rising Interest Rates

The UK housing market is currently experiencing weak activities caused by rising interest rates, pushing mortgages above 6 per cent for home buyers and existing mortgagors looking to refinance. British house prices fell by the…

Nigeria To Save $5.1bn From Reforms This Year – World Bank

Nigeria To Save $5.1bn From Reforms This Year – World Bank

The World Bank on Tuesday said that Nigeria could save up to N3.9 trillion ($5.10 billion) this year alone if reforms adhere to its foreign exchange market and the removal of a petrol subsidy.

Inflation: Bank Of England To Increase Interest Rates

Inflation: Bank Of England To Increase Interest Rates

On Thursday, the Bank of England (BoE) is expected to increase its interest rates for the thirteenth consecutive time, and it may do so aggressively to combat tenacious inflation even though doing so would exacerbate…

Nigeria’s Inflation Rises For Fifth Consecutive Months

Nigeria’s Inflation Rises For Fifth Consecutive Months

Tottenham have reportedly launched a joint £50 million bid to sign Leicester duo James Maddison and Harvey Barnes. New Telegraph gathered that this is the fifth consecutive month in the year that Nigeria’s inflation rate…

Report: Global inflation likely to have peaked

Report: Global inflation likely to have peaked

Key data indicators suggest that this year’s rampant global inflation has peaked and that the pace of headline price growth is set to slow in the coming months, the Financial Times has reported. According to…

IMF: Inflation, Ukraine crisis worsen financial stability risks

IMF: Inflation, Ukraine crisis worsen financial stability risks

The International Monetary Fund (IMF) yesterday warned of a disorderly repricing in markets, saying global financial stability risks have increased, raising the risks of contagion and spillovers of stress between markets. The Fund, which stated…

Inflation surged to 20.52% in August –NBS

Inflation surged to 20.52% in August –NBS

The rate of inflation in the country surged further to 20.52 per cent in the month of August, from 19.64 per cent recorded in the previous month, the National Bureau of Statistics (NBS) confirmed in…

Inflation: Europe’s central banks raise interest rates

Inflation: Europe’s central banks raise interest rates

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate…