CBN’s rate decision and sustained caution over domestic, global issues
At the end of the bi-monthly Monetary Policy Committee (MPC) meetings for September, the Central Bank of Nigeria (CBN) retained all policy rates, as dictated by the eleven-member policymakers in attendance.
CBN, interest rates and uncertainty
A recent meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) indicates that the apex bank is indeed not in a hurry to cut interest rates and is thus bent on maintaining the status quo in monetary policy management in the economy.
Reactions trail Central Bank of Nigeria’s rates cut
Reactions have continued to trail Tuesday’s reduction of Monetary Policy Rate (MPR) to 13.5 per cent by the Central Bank of Nigeria (CBN) after holding at 14 per cent for 32 months.
Normalised national currency as growth elixir
Reactions ranging from hand-wringing to fatalistic acceptance have trailed the downward review by International Monetary Fund (IMF) of Nigeria’s 2019 growth rate from 2.3 per cent...
Why MPC will sustain hold on rates this week
While every one would want interest rate cut at the end of meetings by the policy making arm of the Central Bank of Nigeria (CBN), it would be hope deferred again for the 13th time, because of expected domestic and foreign backlash. Meanwhile a poll of analysts’ opinions and projections on the decisions of…
Banks, the challenges and real sector interventions
After the global financial crisis in 2008, central banks across the globe re-invented their policy basket, which saw the emergence of a renewed vigour in unconventional monetary policy.
CBN orders lending to agric sector, inflation rises on food items
The Central Bank of Nigeria (CBN) has directed deposit money banks to increase lending to the agricultural sector to check rising food prices. This followed its 262nd Monetary Policy Committee (MPC) meeting held from Monday, July 23 to Tuesday, July 24, 2018. It pegged the interest rate of such lendings at nine per cent per…
CBN holds monetary rates steady for two years
Foe the 12th consecutive time in two years, the Central Bank of Nigeria (CBN) has retained all the monetary policy rates for the country.