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 […]
Tag: Foreign Exchange
OTC Trading: Turnover Down 37% to N12.73 Trillion in 2016 Y-t-D from N20.20 Trillion in 2015
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Over-the-Counter (OTC) trading activities total turnover recorded in 2016 year-to-date (y-t-d) stood at N12.73 trillion compared to N20.20trillion recorded in 2015; indicating a decline of 37 percent, according to the latest FMDQ OTC Securities Exchange Financial Markets Review Reports March 2016. The report says […]
Foreign Exchange Intervention under Policy Uncertainty
March 17, 2016/IMF Author/Editor: Gustavo Adler, Ruy Lama, Juan Pablo Medina Guzman Summary: We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank policy rules from its policy actions. Under full information, a central bank […]
