With Increased Interest Rate, Monetary Policy Easing Beckons …C0NTINUE READING HERE >>>
Having increased the benchmark interest rate by more than 875 basis points this year, the Central Bank of Nigeria (CBN), has said there may be a shift to ease monetary policy starting from next year as the effects of the six rate hikes of this year begin to manifest.
The Monetary Policy Committee (MPC) of the CBN had at its last meeting last week raised the benchmark interest rate marginally in line with the hawkish stance that had been adopted to battle the country’s unabating…
>