Bloomberg Business

ECB’s Guindos Says Half-Point Hikes May Become ‘New Norm’

(Bloomberg) — European Central Bank Vice President Luis de Guindos said interest-rate hikes like the half-point move seen at this month’s meeting may become the standard as officials maintain their fight with soaring inflation.

Mexico Inflation Accelerates After Shopping Discounts End

Mexico’s inflation accelerated in line with expectations in early December after the effects of a shopping holiday the previous two weeks wore off, putting an end to a run of slowing biweekly prints.

Central Bank Lending to Nigeria Poised to Jump to $52 Billion

Nigeria is seeking lawmakers’ approval to take on an additional loan from the central bank that would increase the government’s obligation to 23.7 trillion naira ($52 billion), putting further pressure on public finances.

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