Nigeria's Apex Bank Faces Uncertainty in Policy Rate Decision

Mar 22, 2021 · 18m 47s
Nigeria's Apex Bank Faces Uncertainty in Policy Rate Decision
Description

Economic experts have expressed concerns about the current twist within the Nigerian economic landscape which continues to put the Central Bank of Nigeria Monetary Policy Committee in a tight corner,...

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Economic experts have expressed concerns about the current twist within the Nigerian economic landscape which continues to put the Central Bank of Nigeria Monetary Policy Committee in a tight corner, providing them little room for a rate maneuver as they converge for the second statutory meeting.
As the MPC meets Monday and Tuesday to deliberate on a number of indices to help
decide whether to hold or tweak the rates, inflation has gotten in the way already reaching a four year high at 17.33%, as well as other major talking points such as the recent exit from the recession with minimal growth at 0.1% in Q4 2020, depleting external reserves in the face of rallying oil price in the global market.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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