Tag: Exchange Rate

Lagarde, Bio-Tchané Co-Chairs African Consultative Group Meeting

17/4/2016/IMF Mr. Abdoulaye Bio-Tchané, Chairman of the African Caucus, and Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), co-chaired the African Consultative Group meeting today at the IMF Headquarters. They issued the following statement after the conclusion of the Group’s meeting in Washington. “We had very productive discussions on […]

The Broader View: The Positive Effects of Negative Nominal Interest Rates

Posted on April 10, 2016 by iMFdirect By Jose Viñals, Simon Gray, and Kelly Eckhold We support the introduction of negative policy rates by some central banks given the significant risks we see to the outlook for growth and inflation. Such bold policy action is unprecedented, and its effects over time will […]

Devaluation Not Only Option to Resolve Nigeria’s Economic Woes-Expert

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Johnson Chukwu, managing director (MD) of Cowry Asset Management Limited on Thursday said not only devaluation; but a cocktail of policies amongst others are some of the alternative options to solving Nigeria’s economic crises. Chukwu says these include exchange rate adjustment, creating windows of […]