October 7, 2019/Coronation Report

How do you stimulate the economy while keeping monetary policy tight? The Central Bank of Nigeria’s (CBN) answer has been to require commercial banks to achieve a set level of customer loans relative to their deposits, and the deadline to achieve this passed on 30 September. It has worked inasmuch as the industry’s gross total loans grew by 5.3% in four months. Whether it stimulates GDP remains to be seen.

Click here to read full PDF copy of report