December 8, 2021/Proshare by FBNQuest Research Today’s chart shows a decline of USD614m (-1.5% m/m) in Nigeria’s gross official reserves to USD41.2bn in November. This decline follows four months of consecutive increases, and it reflects a slowdown in reserve inflows following accretion from the IMF’s USD3.3bnn SDR allocation and the […]
World News
Inflation is Prompting Global Monetary Policy Normalisation
December 8, 2021/Fitch Ratings The scale and longevity of the global inflation shock has taken most forecasters and central banks by surprise and is bringing forward the start of global monetary policy normalisation, says Fitch Ratings in its latest Global Economic Outlook (GEO), published today. A strong recovery in global […]
Magdalena Andersson to Relinquish Her Duties as IMFC Chair
December 7, 2021/IMF Magdalena Andersson, currently Prime Minister of Sweden and previously Minister for Finance, has indicated her intention to relinquish her duties as Chair of the IMF’s International Monetary and Financial Committee (IMFC) by end of December 2021. Ms. Andersson assumed the office of Prime Minister of Sweden on […]
