Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates

Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest RatesThe European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5% […]

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Personal Savings Feature Added to West African Platform Facilitating Crypto-to-Fiat Conversion

Duniapay, a digital banking platform created by three students from Burkina Faso, has added a personal savings feature to its banking application that already provides residents from some 14 West African countries with a flexible digital platform to access financial services. Using a Stablecoin to Save The new feature, which is viewed as another demonstration […]

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Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation

Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising InflationThe Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time the benchmark rate has been increased since November 2017. Rising Inflation […]

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