(Credit: AerialPerspective Works/Getty Images) October 16, 2023/IMFBlog By Charles Cohen, Srobona Mitra, and Fabio Natalucci Central banks could keep interest rates higher for longer as they fight to curb inflation that remains stubbornly high in many countries—and slow their economies by doing so. Such an environment hasn’t confronted the world’s financial markets […]
OPINION/EDITORIAL
Nigeria September 2023 CPI: Base Effects to Fan Higher Consumer Prices in the Short Term
October 16, 2023/Cordros Report In our inflation report for August (refer to report: Price Pressures Remain Biased to the Upside in the Near Term), we highlighted that domestic customer prices will remain under pressure following the lingering impact of the FX and PMS subsidy reforms in the economy amid the […]
Crude Oil Production Hits 20-Month High of 1.57mbpd in September 2023
October 16, 2023/CSL Research According to the latest monthly report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s average oil production hit a 20-month high in September reaching 1.57mbpd. The report indicated that crude oil output (including condensate) rose by 11.1% from 1.43mbpd in August and surged by 25.6% […]
