September 27, 2022/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to raise the Monetary Policy Rate (MPR) by 150bps to 15.5% – the third consecutive rate hike in 2022. The hike brings the total rate increase so far in 2022 to 400bps, representing […]
OPINION/EDITORIAL
MPC Raises Rate +15.5% and CRR to 32.5%
September 27, 2022/InvestmentOne Report In the 5th MPC meeting for the year, the Committee unanimously voted to RAISE policy rate further by 150bps to 15.50% and the Cash Reserve Ratio by 500bps to a minimum of 32.50% with other policy parameters unchanged. Other parameters retained were: The asymmetric corridor […]
Africa Food Prices Are Soaring Amid High Import Reliance
Credit: Emily_M_Wilson/iStock by Getty Images September 27, 2022/IMFBlog By Cedric Okou, John Spray, D. Filiz Unsal Factors include the region’s heavy reliance on food imports and changes in food consumption and incomes Staple food prices in sub-Saharan Africa surged by an average 23.9 percent in 2020-22—the most since the 2008 global financial […]
