Central Banks

The Reserve Bank of Australia (RBA) maintained its Official Cash Rate (OCR) at 4.35% during its June meeting, aligning with market forecasts. This marks the fifth consecutive meeting that the RBA has kept the rate steady, following a 25 basis points hike in November 2023. The board also kept the interest rate on Exchange Settlement balances unchanged at 4.25%. It comes after

Nigeria’s central bank (CBN) kept its key interest rate unchanged at 11.5% during its May 2021 meeting, as widely expected, after data showed the economy advanced by just 0.5% in the first quarter of 2021 from a year earlier, suggesting a slow recovery. “The decision seems reasonable, as the CBN remains squeezed between the necessity to sustain the real economy, as growth

The Russian economy could recover faster than expected, the country’s Central Bank Head Elvira Nabiullina stated on Friday (Dec. 18). “We expect a stable restart of recovering growth next spring,” Nabiullina told TASS news agency. “The experience of summer and early fall shows that the recovery can progress rather quickly as the situation normalizes.” Russian Prime Minister Mikhail Mishustin in October predicted