Interest rate Archives • Echonewsng

Nigeria’s inflation rate hits 19.64 percent, highest in 17 years

August 16, 2022Admin

Nigeria’s rate of inflation redoubled from 18.60 % in june to 19.64 % in July 2022, making it the highest recorded since Sept 2005. This was disclosed in the National Bureau of Statistics (NBS) consumer price index (CPI) report for July 2022 consumer on Mon Assumption. Giving a breakdown of the report in a very […]

Why do interest rates matter to me?

August 4, 2022Admin

If interest rates rise, borrowing could become more expensive for you. Whether you are looking to get a mortgage to buy a house, or a new car on credit, it’s crucial to think about what higher costs mean for you. What is Bank Rate? Bank rate is the rate charged by the central bank for lending […]