Click here to download CBN Communiqué No. 105 of the MPC Meeting of Monday and Tuesday, January 2 5 and 26, 2016 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) at the end of Tuesday’s Monetary Policy Committee (MPC) meeting retained Nigeria’s benchmark interest rate at 11 […]
Tag: Monetary Policy Committee
CBN may withdraw all govt funds from banks
In a bid to reduce pressure on the naira and maintain macro-economic stability, the Central Bank of Nigeria’s Monetary Policy Committee may increase the Cash Reserve Requirement of public sector funds in the vaults of banks to 100 per cent from the current75 per cent. The implication of this is […]
Bank Of England Raises 2014 GDP Forecast, Says ‘Won’t Take Risks With Economic Recovery’
Mark Carney has begun the inflation report. “The recovery has gained momentum,” Carney says. The first phase of forward guidance. The Monetary Policy Committee(MPC) set 7% unemployment rate threshold before even considering whether interest rates should be raise. “Forward guidance is working… uncertainty about interest rates has fallen,” Carney said. […]
