• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result

CBN Governor Godwin Emefiele hints at interest rate cut before July

Onome Ohwovoriole by Onome Ohwovoriole
January 25, 2018
in Uncategorized
Godwin Emefiele, CBN, Textile

Godwin Emefiele, Governor, CBN

Share on FacebookShare on TwitterShare on Linkedin

CBN Governor Godwin Emefiele has given an update on when the bank is likely to lower interest rates. He disclosed this yesterday in an interview with Bloomberg.

“Once inflation gets to low double digits and high single digit happens, then it should be easy for MPC to begin to look at easing. I want to think that between the end of the first and second quarter, we should begin to see easing.”

Emefiele also revealed that the apex bank was in discussions with the National Assembly regarding screening of its nominees.  The Senate is yet to screen Deputy Governor Aishah Ahmed and several Monetary Policy Committee (MPC )nominees. The absence of a quorum, led to its first meeting of the year scheduled to hold this week being postponed and the apex bank leaving interest rate and other variables unchanged.

In addition, he expressed optimism that inflation rates would continue to fall.

RelatedStories

Emefiele: Forensic expert confirms to court how Buhari, Ex-SGF signatures were forged to withdraw $6.2 million from CBN 

Bank officials to testify as EFCC sues Ex-CBN Governor Emefiele over 753 housing units and N7.8 billion fraud 

May 31, 2025
Bank customers with CBN rise to 57 million in April 2023

Former aide admits no record of alleged $400,000 payment to ex-CBN Gov. Godwin Emefiele

May 27, 2025

Why is a drop in the interest rate is key ?

A drop in the CBN’s Monetary Policy Rate (MPR) in theory should lead to a drop in the interest rates  commercial banks charge their customers. A lowering of the interest rate is however dependent on a drop in inflation rates. The CBN tends to keep interest rate at par or slightly ahead of inflation rates.

Inflation rates spiked last year due to a devaluation of the Naira against the dollar, hitting nearly 18%. A fall in global crude oil prices and production volumes, led to a foreign exchange liquidity crisis in the first half of 2017.

The clouds have cleared

The macro economic environment had improved considerably as crude oil prices have rebounded, and relative peace in the Niger Delta has led to an improvement in production volumes. Foreign reserves have hit a high of nearly $60  billion, and the improvement in foreign exchange liquidity has led to the return of foreign portfolio investors.

 

 


Follow us for Breaking News and Market Intelligence.
Tags: Godwin EmefieleMPRNews Review
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Emefiele: Forensic expert confirms to court how Buhari, Ex-SGF signatures were forged to withdraw $6.2 million from CBN 
Financial Services

Bank officials to testify as EFCC sues Ex-CBN Governor Emefiele over 753 housing units and N7.8 billion fraud 

May 31, 2025
Bank customers with CBN rise to 57 million in April 2023
Business News

Former aide admits no record of alleged $400,000 payment to ex-CBN Gov. Godwin Emefiele

May 27, 2025
Suspension of Emefiele was long foreseen – Uwaleke
Business News

FG to sell 753-unit estate recovered from former CBN Governor Emefiele to Nigerians 

May 21, 2025
Bank customers with CBN rise to 57 million in April 2023
Legal & Regulations

Judge rejects Godwin Emefiele’s request to withdraw self from EFCC’s corruption case 

February 26, 2025
Bank customers with CBN rise to 57 million in April 2023
Legal & Regulations

Court orders final forfeiture of $4.7 Million, properties linked to former CBN Governor Emefiele 

February 21, 2025
Bank customers with CBN rise to 57 million in April 2023
Legal & Regulations

Emefiele: EFCC witness admits ex-CBN governor did not influence contracts awarded to company

February 3, 2025
Next Post
TSA: Keystone Bank denies allegation of hidden government funds

TSA: Keystone Bank denies allegation of hidden government funds

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Democracy Day: Tinubu confers 139 National Honours for “outstanding contributions of heroes” 
  • China grants duty-free access to all African countries amid shifting global trade dynamics 
  • Meet Arnold Ekpe, new Chairman of Dangote Sugar 

Follow us on social media:

Recent News

No regret removing fuel subsidy, says President Tinubu

Democracy Day: Tinubu confers 139 National Honours for “outstanding contributions of heroes” 

June 12, 2025
China’s wobbly economy: Implications for Nigeria’s next president

China grants duty-free access to all African countries amid shifting global trade dynamics 

June 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics