March 21, 2023/Coronation Research Summary Opening market liquidity was reported at N236.4m on Friday (17 March 23). Call, overnight and repo rates closed within a range of 12% – 14%, as system liquidity tightened on the back of outflows from an NTB, OMO, and fx auctions. This week, we expect […]
Updates
IMF and Ukrainian Authorities Reach Staff Level Agreement on a US$15.6 Billion Extended Fund Facility (EFF) Arrangement
March 21, 2023/IMF · The Ukrainian authorities and IMF staff have reached a staff-level agreement on a set of macroeconomic and financial policies that would be supported by a new 48-month Extended Fund Facility (EFF) Arrangement. · The EFF, with requested access of SDR 11.6 billion (about US$15.6 billion), or […]
MPC Decision – March 2023
March 21, 2023/Coronation Research Twelve (12) members of the committee were in attendance. Decision The Twelve members unanimously voted to raise the MPR. • Ten out of Twelve members voted to raise MPR by 50bps to 18% • Retain […]
