Inflation in Nigeria hits 17-year high

Financial Times | Aug 15, 2022 at 7:23 PM

…The money is owed to the central bank as part of the so-called Ways and Means Advance, a law contained in the central bank act that allows the monetary guardian to fund the government when it experiences…

Chinese economy ‘in desperate situation’

Financial Times | Aug 15, 2022 at 7:15 PM

…The People’s Bank of China unexpectedly reduced the medium-term lending rate —  through which it provides one-year loans to the banking system — by 10 basis points to 2.75 per cent, the first reduction since…