Coronation Research’s Nigeria weekly update: Naira interest rate and foreign exchange

0
74
Coronation Research’s Nigeria weekly update: Naira interest rate and foreign exchange


The Monetary Policy Council (MPC) of the Central Bank of Nigeria (CBN) met last week and decided to leave its Monetary Policy Rate (MPR) on hold (see below). What matters is not the MPR but one-year market interest rates, which the CBN effectively sets. These rose in mid-August and, we believe, are likely to stay […]
Coronation Research’s Nigeria weekly update: Naira interest rate and foreign exchange

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

eleven − four =