IMF COUNTRY FOCUS Photo Credit: Lena Mucha/IMFPhoto March 27, 2024/IMF Germany is struggling. It was the only G7 economy to shrink last year and is set to be the group’s slowest-growing economy again this year, according to our latest projections. Some pundits say Germany’s economic model is irreparably broken. They argue […]
OPINION/EDITORIAL
MPC Decision – March 2024
March 26, 2024/Coronation Research Twelve (12) members of the committee were in attendance. DECISION ▪ MPC hiked by +200bps to 24.75% ▪ Asymmetric corridor of the MPR adjusted to +100 / -300 bps ▪ CRR for commercial banks retained at 45%. ▪ CRR for merchant banks raised to 14% from 10% […]
March 2024 MPC Raises the MPR by 200bps to 24.75%
March 26, 2024/Cordros Report In line with our expectations, the Monetary Policy Committee (MPC) again voted to raise the Monetary Policy Rate (MPR) by 200bps to 24.75% in March. We highlight that the committee’s decision to hike the MPR further was hinged on (1) the existing inflationary pressures, (2) the […]
