March 29, 2019/OilPrice.com Oil prices broke through $60 on Friday as the U.S. rig count fell and bullish news continued to drive sentiment in markets. Crude oil stocks (million barrels) U.S. crude oil production (millions of barrels per day) Retail average regular gasoline prices (dollar per gallon) Friday, March 29, […]
OPINION/EDITORIAL
CBN Moves MPR After 33 Months – A Dollar Short and An Hour Late ?
Culled—-Proshare March 27, 2019 By Bismarck Rewane of FDC The MPC made a surprise move in cutting the policy rate at yesterday’s meeting from 14% p.a to 13.5% p.a. It said it was a signal of a shift towards a more accommodative stance. The Justification for the move was the […]
Monetary Policy: MPC Springs A Dovish Surprise
Culled—Proshare March 27, 2019/ARM Research MPC Springs A Dovish Surprise The CBN Monetary Policy Committee (MPC) voted to cut the key benchmark interest rate by 50bps to 13.5%, taking the Standing Lending Facility and standing deposit facility to 15.5% and 8.5% respectively. The decision was surprising in that ARM Research […]
