Nigeria’s new central bank digital currency, the eNaira, is expected to increase financial inclusion and facilitate remittances but potential risks will need to be managed. (photo: Andre M. Chang/ZUMAPRESS/Newscom) IMF COUNTRY FOCUS November 16, 2021/IMF By Jack Ree IMF African Department The Central Bank of Nigeria (CBN) officially launched the […]
OPINION/EDITORIAL
Latin America’s Inflation Challenge
(PHOTO: PAULOVILELA/ADOBESTOCK) November 16, 2021/IMFBlog by Maximiliano Appendino Inflation has surged in the largest economies of Latin America, prompting large central banks in the region to raise interest rates before economic activity has fully recovered. Our latest Regional Economic Outlook shows how rapidly inflation is rising. In the first year of the pandemic, […]
Inflation Cools Further as High Base Effect Becomes More Pronounced
November 16, 2021/United Capital Report Yesterday, the National Bureau of Statistics (NBS) released the Consumer Price Index (CPI) report for Oct-2021. The headline inflation rate came in well below expectations at 15.99% y/y, lower than our forecast of 16.25%, and 64bps lower than the Sep-2021 print (16.63%). This implies a […]
