OPINION/EDITORIAL

Some Thoughts on r*: Why Did It Fall and Will It Rise?

May 24, 2024/US Federal Reserve By Governor Christopher J. Waller Thank you for the invitation to be here and speak to you today.1 I want to step away from shorter-term questions about the economic outlook and monetary policy to delve into a subject of longer-term significance—r*. While there are many […]

NCC Data Shows Growth in Broadband Penetration in April 2024

May 23, 2024/FBNQuest Research Nigeria’s broadband connections increased slightly by 1.0% m/m and 2.5% y/y to 94.4m in April 2024, according to the most recent data from the Nigerian Communications Commission (NCC). Broadband connections have maintained an upward trajectory since September 2023, except for a brief moderation in January 2024. […]

Post MPC May 2024: MPC Raises the MPR Again by 150bps

May 21, 2024/Cordros Report The Monetary Policy Committee (MPC), in its third meeting of the year, voted to raise the Monetary Policy Rate (MPR) for the third consecutive time by 150bps to 26.25% in May. Notably, the Committee deliberated on either tightening its monetary policy further or holding the MPR […]