The Bank of England has warned that Britain is facing a recession as it hiked its benchmark interest rate by 0.5%.
A decade of currency stability has come to an end with the rising cost of necessities and dear luxuries. But the central bank seems to be determined to keep its weak yen policy.
Following days of protests over soaring prices and fuel shortages, Sri Lanka's cabinet ministers have resigned en masse. The head of the central bank has also stepped down. We take a look at how the heavily indebted country got to this stage. Plus, our correspondents report on how Niger could be facing its worst food crisis in a decade, amid global food and energy shortages worsened by the war in Ukraine.
The United States Federal Reserve has raised interest rates for the first time since 2018, as it tries to cool inflation, which is running at the highest level in 40 years. The Chair of the central bank, Jerome Powell, said the implications of the Russian invasion were "highly uncertain", pointing to the risk of disruption to supply chains. Also today, we look at details of the French government's plan to ease the economic impact of the war in Ukraine.
26 Nov 2021
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
25 Feb 2021
The Central Bank of Nigeria has banned the sale of cryptocurrencies in the country although they are very popular particularly among young people there. IT expert Senator Ihenyen looks at what's behind the lender's move.
6 Oct 2020
China's central bank has made steady advances in its goal of launching the world's first major sovereign digital currency. As the EU begins prepping a digital euro, DW considers the impact of the digital yuan.
20 Sep 2020
These are trying times for Nigeria's economy, as an expected recession means the government has to take pro-active steps to mitigate the impact of the recession and recover in the shortest period. Meanwhile, President Buhari has asked the Central bank of Nigeria to stop issuing foreign exchange for food and fertilisers imports. Andrew Nevin, Partner and Chief Economist at PwC Nigeria joins CNBC Africa’s Kenneth Igbomor to assess the state of the Nigerian economy.
13 Sep 2020
The European Central Bank is hoping for a "positive" outcome to the negotiations on the future relationship between the United Kingdom and the European Union despite "what has been observed in the last few days," ECB chief Christine Lagarde says.
22 Jun 2020
Wirecard was said to have $2.1 billion in two Philippine banks, but the country's central bank said that documents linking them to the money were fake. The German financial startup has been marred by fraud allegations.
22 Mar 2020
As five more COVID-19 cases were confirmed in Nigeria on Wednesday, the government swung into action and made some swift reforms which include the reduction of petrol pump price – a N1.5 trillion cut in the 2020 budget and a travel ban on 13 countries with high COVID-19 infection rates. The Central Bank of Nigeria also announced a N1.1 trillion intervention fund to boost the economy. Adeoye Adefulu, Partner at Odujinrin and Adefulu and Kola Masha, Managing Director of Babban Gona both join CNBC Africa to discuss how these moves would impact some key sectors of the Nigerian economy.
21 Mar 2020
The European Central Bank unveiled a multi-billion euro plan to help economies struggling with the fallout of the coronavirus. But how will it help economies brought to a standstill by emergency measures?