March 16, 2022/Fitch Ratings According to Fitch Ratings’ Sovereign Rating Criteria, the payment in local currency of Russia’s US dollar Eurobond coupons due on 16 March would, if it were to occur, constitute a sovereign default, on expiry of the 30-day grace period. These are the first foreign-currency sovereign coupons […]

(PHOTO: IMF PHOTO/YAM G JUN) March 16, 2022/IMFBlog By Christian Bogmans, Jeff Kearns, Andrea Pescatori and Ervin Prifti Global food prices are poised to keep climbing even after jumping to a record in February, placing the heaviest burden on vulnerable populations while adding to headwinds for the global economic recovery. Food commodity prices rose 23.1 percent […]

March 16, 2022 Written on 16/03/2022 by Lukman Otunuga, Senior Research Analyst at FXTM  While central banks across the globe are tightening monetary policy in the face of rising inflation, the Central Bank of Nigeria is likely to keep interest rates unchanged following the latest CPI report. Consumer prices rose […]