Interest Rates on the Rise

December 21, 2020/Coronation Weekly

Nigerian market interest rates are on the rise. This marks the end of the long – over a year – march south. But what next? In our view the key determinants are how the 2021 budget deficit will be financed and how normal (given that the present interest rate/inflation mix is not normal) the Central Bank of Nigeria (CBN) wants interest rates to be.

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