Learn how a Ghanaian man uses Bank of Ghana Treasury bill rates to compare potential returns on GH₵50,000 over 91 and 364 days, with clear return calculations.
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Asian markets track Wall Street record to extend global rally
Asian markets built Friday on the latest global rally after a jumbo US interest rate cut, while the yen edged up as focus turns to the Bank of Japan policy decision later in the day. With the Fed now out the way, attention turns to the Bank of Japan as it winds up its own policy meeting.
Japan inflation firms to 2.8% ahead of BoJ rate decision
Japanese inflation rose slightly in August, with prices up 2.8 percent year-on-year, official data showed Friday, hours before the Bank of Japan was widely expected to leave interest rates unchanged. Later Friday the BoJ was forecast to leave its benchmark interest rate unchanged, with all 53 economists polled by Bloomberg News predicting that borrowing costs will be left at 0.25 percent.
Rate cut could lift consumer spirits before US elections
The US Federal Reserve's decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November's presidential election.
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