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Tag Archives: Monetary Policy Committee

Expert raises series of questions for CBN over retaining key interest rate at MPC meeting

CBn Emefiele

Leading Abuja based development economist, Mr. Odilim Enwegbara has angrily reacted to the retaining of all rates at the end of the last Monetary Policy Committee (MPC) meeting by the Central Bank of Nigeria (CBN), saying such act is giving a fake impression of real life situation in the economy after all. In his views, retaining the key interest rates ...

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Observers still see deception in naira gains as dollar falls to N400 at parallel market

naira dollar

The sustained injection of dollars from the growing reserves Wednesday forced the Naira to trade N400 to a dollar at the black market both in Lagos and Abuja, but observers still believe that the entire scenario remains cosmetic and unsustainable at the long run. Following the Central Bank of Nigeria’s (CBN) intervention in foreign exchange (forex), the Naira traded N400 ...

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MPC ends meeting, keeps rates unchanged, says tightening policies not good for economy

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained all rates as they are, meaning that the Monetary Policy Rate still stands at 14 per cent. Other monetary policy parameters retained include the Cash Reserves Ratio at 22.5 per cent, Liquidity Ratio at 30 per cent and the Asymmetric Corridor at 200 basis points. ...

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MPC meets today as experts expect lowering of lending rate, CBN thinks otherwise

CBN MPC meeting

The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) will today, Monday begin its second meeting on review of monetary policy activities in Abuja. The meeting is expected to end Tuesday with a communiqué which will roll out new rates including lending rate and others. Some economists who spoke to Business Hilights correspondent said considering the recent inflation ...

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What happens if CBN stops to momentarily inject dollars to the economy?

CBn Emefiele

Considering the observed momentary ups and downs of naira value at the parallel and interbank markets any time the Central Bank of Nigeria (CBN) injects dollars, finance analysts have continued to raise concerns, saying the idea has shown inability to be sustainable in the long term. As at the last count by Business Hilights, late Tuesday, the apex bank released ...

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