July 23, 2024/Coronation Research Twelve (12) members of the committee were in attendance. MPC Decision MPC hiked by +50bps to 26.75%. The asymmetric corridor of the MPR was adjusted to +500bps /-100bps from +100bps / -300bps. CRR for commercial banks retained at 45%. CRR for merchant banks retained at […]
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Adesina Briefs African Leaders on Bank’s Progress in Mobilizing Financial Resources for the Continent
The year began with the African Development Bank successfully launching a globally acclaimed landmark $750 million hybrid capital, the first ever by a multilateral financial institution July 23, 2024/AfDB The president of the African Development Bank Group, Dr. Akinwumi Adesina, has outlined the Bank’s successes in mobilizing financial resources for […]
Post MPC July 2024: MPC Pivots to a Less Hawkish Stance: Raises the MPR by 50bps
July 23, 2024/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to increase the Monetary Policy Rate (MPR) further by 50bps to 26.75% (Previous: 26.25%) at its July policy meeting. The Committee’s decision to raise the policy rate was hinged on their goal to […]
