March 22, 2016/IMF The International Monetary Fund (IMF) has released today the prepublication version of the Monetary and Financial Statistics Manual and Compilation Guide, providing updated guidance for the compilation, reporting, and dissemination of monetary and financial statistics (MFS). The Manual addresses the need for accurate, comprehensive, and reliable monetary […]
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Moody’s: Oil slump hurts states and provinces from Nigeria to Russia, Mexico to Canada
Global Credit Research – 22 Mar 2016/Moody’s Investors Service The sustained fall in oil prices is hurting not only sovereign borrowers worldwide, but also state governments, says Moody’s Investors Service. However, sub-sovereign reliance on oil varies wildly among countries. In an analysis oil-dependent sub-sovereign borrowers, Moody’s looked at states and […]
CBN Raises MPR to 12%, Says Risk Tilts towards Exchange Rate
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR) to 12 percent from 11 percent saying the balance of risk is tilted towards the exchange rate. Also, the MPC narrowed the asymmetric corridor […]
