Monetary policy
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The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank loosened its yield curve control — or YCC — in an unexpected move with wide-ranging ramifications. It sent the yen whipsawing against the dollar, while Japanese stocks and government bond prices slid. Elsewhere, the Stoxx 600 in Europe opened lower and…
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The International Monetary Fund (IMF) on Wednesday urged fiscal policymakers to adopt tighter fiscal policies to help central banks fight inflation. “Amid high inflation, tightening financing conditions, and elevated debt, policymakers should prioritize keeping fiscal policy consistent with central bank policies to promote price and financial stability,” the IMF said in a blog as it…
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The Central Bank of Nigeria has said its new ‘Naira for Dollar Scheme” which takes effect today, would provide Nigerians in the Diaspora with cheaper and more convenient ways of sending remittances to Nigeria. The policy, which gives N5 rebate for every $1 sent by Nigerians in the diaspora to the country, will be paid…
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