June 6, 2024/Mastercard Refinancing Operations As banks repay the amounts borrowed under the targeted longer-term refinancing operations, the Governing Council will regularly assess how targeted lending operations and their ongoing repayment contribute to its monetary policy stance. The Governing Council is ready to adjust all its instruments within its mandate to […]
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EU Relaxes Monetary Policy as Growth Concerns Rise
June 6, 2024/European Central Bank The Governing Council decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation, and the strength of monetary policy transmission, it is now appropriate to moderate the degree […]
Sectoral FX Utilisation Increased to US$4.1bn in Q4 2023
June 6, 2024/FBNQuest Research The total value of Foreign Exchange (FX) utilised in the Nigerian economy increased by +21% Q-o-Q to US$4.1bn in Q4 2023, according to the CBN’s latest Quarterly Statistical Bulletin (QSB). However, this figure is approximately -46% Y-o-Y and is the second lowest recorded over the past […]
