November 26, 2024/Coronation Research MPC Decision Monetary Policy Rate hiked by +25bps to 27.50% from 27.25%. Asymmetric corridor around the MPR retained at +500bps /-100bps. Cash Reserve Ratio for Deposit Money Banks retained at 50.00%. CRR for Merchant Banks retained at 16.00%. Liquidity ratio retained at 30.00%. The Monetary Policy […]
Author: InvestAdvocate
MPC Wraps Up the Year with 25bps Hike in MPR
November 26, 2024/Coronation Research The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised the MPR again, albeit moderately, by 25bps to 27.50% in the final meeting of the year, culminating in a total rate hike of 875bps in 2024. The decision to raise the MPR further […]
GDP Report- Q3 2024
Image Credit: Coronation Research November 26, 2024/Coronation Research The national account for Q3 ‘24 from the National Bureau of Statistics (NBS) show that GDP grew by +3.46%, an improvement from +3.19% y/y recorded in Q2’ 24. The service sector was a significant driver of this growth, expanding by +5.2% y/y […]
