September 29, 2022/United Capital Research Monetary policy normalisation has continued to gather pace across the global economy as several Central Banks have hiked their benchmark lending rates this year. Led by the U.S., the Federal Open Market Committee (FOMC) has voted to raise rates by a cumulative 292bps range of […]
OPINION/EDITORIAL
September-2022 Post-MPC Flash Note: MPR hiked by 150bps to print at 15.5%, CRR raised by 500bps
September 28, 2022/United Capital Research Yesterday, the Monetary Policy Committee (MPC) concluded its penultimate meeting of the year 2022. In line with our expectations, the chairman announced the unanimous decision by the committee to continue combatting inflation. The MPC decided to further increase the Monetary Policy Rate (MPR) by 150bps, […]
An Aggressive Tightening Stance by the MPC
September 28, 2022/FBNQuest Yesterday, the CBN’s monetary policy committee (MPC) announced it had raised the policy rate by 150bps to 15.5%. The increase raises this year’s total rate hikes to 400bps, making it the third straight increase. Although the decision to tighten was unanimous, members were split on the magnitude; […]
