Tanzania’s Central Bank, on Friday, set its main interest rate at 5.5 per cent in a bid to contain inflation within its target and boost economic growth. The Bank of Tanzania had said earlier this month it would start using a benchmark interest rate to signal its monetary policy direction. “The CBR (Central Bank Rate) […]
From Our Correspondent A university lecturer, Dr Suleiman Lawal, has urged the Federal Government to provide farm inputs to farmers at subsidised rate. Lawal, a lecturer at Economics Department, Umaru Musa Yar’adua University, Katsina, gave the advice on Sunday in Kastina. He said such subsidy would help to stem rising cost of food in the […]
British businesses fear a gloomy Christmas ahead, as almost half of the households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply in inflation-adjusted terms. Payments processor, Barclaycard, said 48 per cent of people it surveyed over Oct. 21-24 plan to spend less this Christmas, with […]