OPINION/EDITORIAL

Median Inflation Gauge Offers Better Read on Price Trends

(PHOTO: IMF PHOTO YAM G JUN) CHART OF THE WEEK February 14, 2022/IMFBlog By Laurence Ball , Daniel Leigh, Prachi Mishra and Antonio Spilimbergo Using an alternative measure may help separate the signal from the noise. Economists debating inflation in the United States are confronting a difficult challenge: stripping out volatile price changes to gauge underlying […]

Foreign Reserves Remain Pressured

February 14, 2022/CSL Research The country’s foreign reserves have depreciated by 1.6% to US$39.87bn from US$40.52bn at the beginning of the year. While this could reflect the lagged effects of the higher oil prices, as Nigeria’s crude oil receipts are not spot delivered, we believe increased intervention by the CBN […]

The RT200 FX Programme

February 11, 2022/CS;L Research Based on news reports, the Central Bank of Nigeria (CBN), at a virtual press conference after the bankers’ committee meeting on Thursday, announced a new scheme to improve dollar supply known as Bankers’ Committee “RT200 FX Programme”, which stands for the “Race to US$200 billion in […]