Ethiopia’s central bank raised the nation’s benchmark interest rate for the first time since its introduction two years ago to rein in inflation as it removed a cap on credit growth.
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Ethiopia’s central bank raised the nation’s benchmark interest rate for the first time since its introduction two years ago to rein in inflation as it removed a cap on credit growth.
Switzerland and the UK concluded talks on an updated free-trade agreement, bringing Western Europe’s two major non-European Union economies closer together with a pact focused on services.
Standard Chartered Plc. said that the Central Bank of Nigeria’s easing cycle will likely be slower and more cautious as inflation will be higher than anticipated and expectations remain unanchored.