July 28, 2021/CSL Research As expected, the Monetary Policy Committee (MPC) at the end of yesterday’s meeting, unanimously elected to: Retain the Monetary Policy Rate (MPR) at 11.5%. Retain the Asymmetric corridor around the MPR at +100/-700bps. Retain the Cash Reserve Ratio (CRR) at 27.5% and Retain the Liquidity Ratio […]
OPINION/EDITORIAL
Drawing Further Apart: Widening Gaps in the Global Recovery
July 27, 2021/IMFBlog By Gita Gopinath The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies. Our latest global growth forecast of 6 percent for 2021 is unchanged from the previous outlook, but the composition has changed. The recovery is […]
Nigeria Post MPC July 2021: MPC Holds Rates Constant; Halts Sales of FX to BDCs
July 27, 2021/Cordros Report In line with our expectation, the Monetary Policy Committee (MPC) voted to maintain the MPR at 11.5% alongside other key monetary policy parameters. Like the May meeting, where there was uniformity in the voting pattern, a unanimous decision was reached among the Committee members. The outcome […]
