September 23, 2020/InvestmentOne Report Surprisingly, the Monetary Policy Committee of the CBN at the end of its meeting yesterday cut the benchmark interest rate by 100bps to 11.50%, the lowest rate since 2016. In the same vein, the Committee adjusted the asymmetric corridor to +100/-700 bps around the MPR from […]
OPINION/EDITORIAL
Possible Implications of MPC’s 100bps Policy Rate Cut
Culled—Proshare September 23, 2020 By CardinalStone Research MPC surprises with 100 bps cut in MPR The monetary policy committee (MPC) surprised market watchers with a 100bps reduction in its key policy rate to 11.5% at the end of its two-day policy meeting yesterday. After adjusting the policy rate only three […]
Angola: Confronting the COVID-19 Pandemic and the Oil Price Shock
IMF Country Focus The COVID-19 pandemic and the shock from the falling price of oil have put severe pressure on Angola since the country’s second review under the Extended Fund Facility (EFF) in December 2019. Only months after the conclusion of the second review in December 2019, the COVID-19 pandemic […]
