July 30, 2021/United Capital Report Anglophone West Africa Nigeria Nigeria held its fourth Monetary Policy Committee meeting of the year this week. The committee held all policy parameters constant, keeping the Monetary Policy Rate (MPR) at 11.5%, the asymmetric corridor at +100bps/-700bps, the Cash Reserve Ratio (CRR) at 27.5%, and […]
Updates
Post MPC – July 2021: Reactive in Action… Proactive in Guidance
July 29, 2021/Proshare by FDC Ltd Analysts and journalists were of the view that this was going to be deja vu, another ritual of the boring status quo and reasons for and against the usual suspects- inflation, growth and interventions. But not this time around because just as the reporter […]
Statement Regarding Repurchase Agreement Arrangements
July 28, 2021/US Federal Reserve The Federal Open Market Committee on Wednesday announced the establishment of two standing repurchase agreement (repo) facilities—a domestic standing repo facility (SRF) and a repo facility for foreign and international monetary authorities (FIMA repo facility). These facilities will serve as backstops in money markets to […]
