Analysts predict a potential increase in interest rates as the Monetary Policy Committee convenes for its meeting

Date:

The Central Bank of Nigeria’s Monetary Policy Committee is anticipated to raise the benchmark interest rate at this week’s meeting, as suggested by financial analysts.

This meeting marks the first under the new CBN Governor, Olayemi Cardoso, and concerns have arisen due to the MPC’s previous failure to convene.

With inflation at 29.9%, there are expectations of decisions on banks’ capital requirements and liquidity ratios to address the economic challenges.

Experts foresee a potential interest rate hike, aiming to curb inflation, while some argue for maintaining the current rate and focusing on stabilizing the exchange rate.

Meristem Research analysts project a policy rate hike, considering global disinflation trends and measures taken by monetary authorities.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Dangote Accuses NMDPRA of Issuing ‘Reckless’ Import Licences for Petroleum Products from Russia

Aliko Dangote, chairman of Dangote Industries Limited, has accused...

“Japa Is Extremely Hard”: Tayo Aina Opens Up on the Realities of Relocating to Portugal

Popular YouTuber and filmmaker Tayo Aina has spoken candidly...

Naija Flavour 2025: A Cultural Experience That Celebrated Nigeria in Its Full Expression

Naija Flavour 2025 offered more than entertainment. It delivered...

Ignored or Out of Step? The Reality Behind Nollywood’s Veteran Actor Debate

Recently, a number of veteran Nollywood actors have publicly...