European Central Bank President and former International Monetary Fund (IMF) chief Christine Lagarde on Thursday warned that central banks worldwide must protect their independence as political and economic pressures grow. Speaking at a conference in Phnom Penh, Cambodia, Lagarde said governments, economic shocks and declining public trust were increasingly testing central banks, according to an …
The Bank of Canada (BoC) is widely expected to keep its policy interest rate at 2.25% on Wednesday. Economists and money markets, however, are divided over the future path of Canada’s monetary policy amid economic uncertainty. Since December, money markets have started pricing in the possibility of a rate hike later this year after a …
The International Monetary Fund (IMF) has raised Nigeria’s economic growth forecast for 2026 to 4.4 per cent. The Fund cited improved macroeconomic conditions and ongoing reforms as key drivers. According to the IMF’s January 2026 World Economic Outlook (WEO), titled “Global Economy: Steady amid Divergent Forces”, Nigeria’s economy will grow steadily from 4.1 per cent …
The Central Bank of Nigeria (CBN) has revoked the operating licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc for various offences. It disclosed this in a circular issued on Tuesday, December 16, signed by its Acting Director, Corporate Communications Department, Hakama Ali. According to CBN, the move was part …
Brazil’s economic activity rose 0.4% in August compared with the previous month, falling short of the 0.6% increase economists had forecast, according to data from the central bank’s IBC-BR index released Thursday. The index, which serves as a monthly proxy for GDP, combines estimates from agriculture, industry, services, and production-related taxes. Only the agriculture sector …
New Zealand has appointed Swedish economist Anna Breman as the next Governor of the Reserve Bank of New Zealand (RBNZ), marking a historic first for the country. She will assume office on December 1, 2025, becoming both the first woman and the first foreign national to lead the bank in its modern history. Finance Minister …
