The Bank of Canada on Wednesday, cut its key lending rate 25 basis points to 3.0 per cent, noting that US tariff threats are creating uncertainty for the economy. “The economy is expected to strengthen gradually and inflation to stay close to target (of two per cent),” the central bank said. “However, if broad-based and significant tariffs were imposed, the …

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CNB) has increased the benchmark interest rate to 26.25 per cent. At the 295th MPC meeting in Abuja on Tuesday, presided by CBN Governor, Dr. Olayemi Cardoso, the benchmark rate had been increased by 200 basis points from 22.75 per cent to 24.75 per cent. The MPC has maintained …