Expert explains why it’s difficult for CBN to bring down Monetary Policy Rate
More reasons why the Central Bank of Nigeria (CBN), has been maintaining apparently high side of Monetary Policy Rate (MPR) emerged Monday when latest growth statistics showed a drop in Gross Domestic Product (GDP) to 2.01 per cent, a scary…
Economy still vulnerable as MPC members retain all rates, monetary policy stance
Financial experts have given reasons why the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday left the Monetary Policy Rate (MPR) unchanged at 14 per cent. The rate had been at 14 per cent since…
6 against 1 vote at MPC meeting leaves all rates unchanged
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) ended its two-day meeting in Abuja on Tuesday, retaining all exiting rates in line with several analysts’ predictions. In his remarks at the end of the meeting, the…
Manufacturers, others reject CBN’s retention of interest rate at 14%, calls for review
Barely less than 24 hours after Central Bank of Nigeria (CBN) kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent, reactions have started to trail the decision. Firing the first shot was the Textile companies…
