(Credit: Blue Planet Studio/Adobe Stock) July 27, 2023/IMFBlog By Tobias Adrian, Fabio Natalucci, Jason Wu Overall inflation has moderated meaningfully in recent months in the United States and euro area, as energy and food prices have fallen significantly. Year-on-year headline inflation is now around 3 percent in the United States and below 5.5 […]
OPINION/EDITORIAL
Refined Crude Oil Products Prices Likely to Remain Unstable
July 27, 2023/CSL Research The National Bureau of Statistics (NBS) reported that the average price for Premium Motor Spirit (PMS) advanced by 129.23% m/m and 210.31% y/y to N545.38/litre from the average price of N238.11/litre and N175.89/litre in May 2023 and June 2022 respectively. The average price of National Household […]
Post-MPC Note: Hawkish Monetary Policy Tone Persist
July 27, 2023/United Capital In its July 2023 meeting, the Monetary Policy Committee (MPC) concluded with a decision to raise the Monetary Policy Rate (MPR) by 25 basis points (bps) to 18.75% from the previous rate of 18.50%. The decision was supported by four members of the committee, while the […]
