The National Bureau of Statistics (NBS) is expected to release the GDP numbers tomorrow and the headline inflation data for August 2013 on September 17, one week ahead of the MPC meeting this month. FDC is forecasting that headline inflation will remain unchanged at 8.64%. This will mean that the […]
Tag: MPC
Nigeria’s Central Bank Retains Rate at 12%
The Committee’s Decisions The Committee considered and acknowledged the merits of option 1 but rejected it as being premature in view of the potential risk factors in the horizon posed by recent developments which would necessitate increased fiscal expenditure in the short-to-medium term, resulting in a resurgence of inflationary pressures. […]
Nigeria’s Okonjo-Iweala Says Bank Rate Cut Would Boost Economy
Nigeria’s economy would benefit from interest-rate easing even though it’s likely that the central bank will keep the key indicator unchanged tomorrow, Finance Minister Ngozi Okonjo-Iweala said. “We would be very grateful if we saw an easing of the interest rate, a little bit, in order to also help more […]
