July 23, 2019/IMFBlog By Gita Gopinath In our July update of the World Economic Outlook we are revising downward our projection for global growth to 3.2 percent in 2019 and 3.5 percent in 2020. While this is a modest revision of 0.1 percentage points for both years relative to our […]
OPINION/EDITORIAL
Rates Down, Oil Prices Slack
22/7/2019/Coronation Research As we explained last week, the Central Bank of Nigeria (CBN) is taking numerous measures to encourage banks to lend. In the short term these result in high liquidity in the money markets and depress money market rates. It works while there is confidence in the exchange rate, […]
July MPC: The Dove Takes Centre Stage
July 23, 2019/Cordros Report To tackle the slow pace of output growth, which remains a long way off the pre-recession periods of 2015, the monetary policy committee switched its policy dogma, from the hawkishness of the last four years, to a dovish stance by cutting benchmark rates by 50bps in […]

