“I think the CBN will hold rates steady. Even though a slight tick up in October, the month-on-month trend shows that the rate of inflation is cooling,” said Pabina Yinkere Head, Research Division
Vetiva Capital Management Limited.“This should pave way for lower inflation come February 2017, largely influenced by a high base effect. I believe the MPC will have this at the back of their minds and vote to keep rates on hold,” said Pabina.
“We believe a successful outing by the FG will bode well to stabilise Naira and bring some relief to the domestic economy and real sector.This will in turn moderate inflation rate and also pave way for recovery from the current economic recession,” said Saheed.