The President of the Small and Medium Enterprises Investors Union and Vice President of the Investors Association, Alaa al-Sakaty, said that raising interest rates constitutes a burden on investment as it increases the cost of funds and thereby reduces the direct investment process.
President of the Nigerian Economic Society, Prof Adeola Adenikinju has flayed the current low value of the naira, insisting that the exchange rate market is
Turkey's central bank announced a further hike in the key interest rate, as expected, on Thursday with the aim of ensuring a decline in the underlying trend of inflation and returning it to the 5 percent target in the medium term, while signalling the end of its tightening cycle.
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