Global Economy –Rundown: The United State Federal Reserve left its key lending rate within the corridors of 1.50%-1.75%, while it upheld that at the current rate the Country’s economic expansion would be sustained, citing the strong job market and inflation rate clinching to the Federal Reserve rate of 2%. The Fed in agreeing to cap…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 1.08% to 28,533.40 Index Points and N14.697Tr respectively. Year-to-Date ASI is still at a positive of 6.30%. Volume of trade and Value of trade both decreased by 27.83% and 25.07% to 251.592 Million and N3.152 Billion…
Interest rates are one of the main drivers of Chinese Economy. China’s Central bank injected 150 billion Yuan ($21.4 billion) using 7-day and 14-day reverse repurchase agreements while decreasing both 7-day & 14-day reverse repurchase agreements interest rates by 10 basis points. These should reduce the negative effect of spreading the Coronavirus. Bloomberg
