Tag
MONETARY POLICY RATE
The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to expedite the window of development finance for businesses to mitigate the effect of high monetary policy rate in the country.
A member of Nigeria's Monetary Policy Committee (MPC), Murtala Sabo Sagagi, has addressed the limitations of monetary policy in addressing the nation's escalating inflation amidst structural challenges.
The Economist Intelligence Unit (EIU) has projected that Nigeria's Monetary Policy Rate (MPR) is expected to reach a peak of 23.75% this year.
Fitch Ratings Inc. has underscored the necessity for Nigeria to adopt more stringent monetary tightening measures to secure macroeconomic stability.
The National Institute of Credit Administration (NICA) has voiced concerns over the detrimental effects of restricted access to credit on the expansion of businesses, production capabilities, and the worsening of poverty levels across Nigeria.
The NGX market capitalization witnessed a notable surge, as the value of listed equities soared by N390 billion, reaching N54.71 trillion by the close of the session.
The MPC of the CBN unanimously raised the MPR from 13.0% to 14.0%, the second consecutive hike and a cumulative 250bps increase within three months.
The rise in Eurobond yields means that Nigeria will pay huge interest in order to incentivise market players to buy its Eurobond.
The Monetary Policy Committee of the Central Bank of Nigeria has voted unanimously to retain the benchmark interest...
With inflation rate at 12.8%, this is almost like paying banks to keep the money for you.
The CBN’s disposition remains biased towards supporting economic growth.
MPR reduction is ideally supposed to have positive outcomes for banks’ lending rate and the economy.