September 20, 2024/US Federal Reserve By Governor Michelle W. Bowman On Wednesday, September 18, 2024, I dissented from the Federal Open Market Committee’s (FOMC) decision to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. As the Committee’s post-meeting statement notes, […]
Updates
Pre-MPC September 2024: MPC to Maintain Policy Rate
September 20, 2024/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to hold its fifth meeting of the year on the 23rd and 24th of September. Like in previous meetings, we expect the Committee to consider developments in the global and domestic economy […]
CBN Issues Clarification on the Monetary Policy Guidelines: Refutes Reintroduction of Cybersecurity Levy
September 20, 2024/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to certain instances of misinterpretation or misrepresentation of its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines published on September 17, 2024. In response, the CBN has temporarily withdrawn the document to […]
