Category: Monthly Wrap Up


25
Mar
What were the key moments in the market this month? India’s forex reserves reach for the sky According to the Reserve Bank of India (RBI), India’s foreign exchange reserves surged by $10.47 billion to reach $636.1 billion for the week ending on March 8. This marks the largest increase since …
What were the key moments in the market this month? Germany’s economy: Wobbly with glimmers of hope Germany’s economy is encountering some tough times, though there are glimmers of hope on the horizon. Economists cautiously suggest that the worst may soon be behind us, although they maintain a reserved outlook …
30
Jan
What were the key moments in the market this month? UK inflation rate fueled by booze and smokes In a surprise uptick, UK inflation rose to 4% year-on-year in December, driven by increased prices for alcohol and tobacco. This marks the first increase in the annual consumer price index since …
26
Dec
What were the key moments in the market this month? Fed freezes rates and teases future cuts in 2024 For the third consecutive time, the Fed maintained its key interest rate, buoyed by a backdrop of improving conditions where inflation was easing. Every member of the committee was in accord …
27
Nov
What were the key moments in the market this month? No rate cuts on the horizon from the Fed’s notes Federal Reserve officials discussed their recent meeting, noting a decline in inflation and deciding to keep an eye on data to ensure it continues to slow towards their 2% goal. …
31
Oct
What were the key moments in the market this month? China fuels Nigeria’s growth with big bucks During the Belt and Road Initiative forum in Beijing, China’s President Xi Jinping pledged to invest more in Nigeria’s power and digital sectors. Contracts worth $2 billion were signed between Nigeria’s National Agency …
26
Sep
What were the key moments in the market this month? It’s a no-hike from Fed The Federal Reserve announced at the latest FOMC meeting that it would maintain its current interest rates, a move that was widely anticipated by the markets. This decision keeps the federal funds rate within a …
28
Jul
What were the key moments in the market this month? And let the rate hikes begin (again) At the latest FOMC meeting, the US Federal Reserve decided on a quarter-percentage-point increase in the benchmark borrowing rate, raising it to the highest level since 2001. The Fed has now raised interest …
28
Jun
What were the key moments in the market this month? Fed takes a breather in 15 months On June 14, the Federal Reserve decided to break the pattern of increasing interest rates by leaving the current interest rates unchanged. However, the decision to postpone the hike during this two-day meeting …
29
May
What were the key moments in the market this month? Another month, another hike by the Fed During the Federal Open Market Committee’s meeting on May 3rd, the members unanimously decided to increase interest rates by 0.25 percentage points. This marks the 10th interest rate hike in a little over …