L
LequteMan
Guest
Nigeria - The Central Bank of Nigeria is set to hold its 243rd Monetary Policy Committee (MPC) meeting tomorrow and the day after. Crucial issues will be discussed and important decisions are expected to be made as the country's economy is not in a health condition.
The Naira is weaker than before and government revenue has dwindled as the oil crisis bites.
Some of the issues expected to top the agenda include the sinking oil prices, marginal increase in the nation’s inflation figure for the month of February, election-induced liquidity in the system and the relative stability which the new regime in foreign exchange market has brought to the naira.
However, experts believe no major policy shift may come out of tomorrow’s meeting and ruled out any major upset in the existing rates.
“All the things that are supposed to be done by MPC have already been done. I don’t expect any dramatic changes. The only thing that I believe may happen which is just out of intuition is that I think they may bring down interest rates. The central bank may consider bringing down interest rates by one per cent.” Bismark Rewane, president of Financial Derivative Company says.
#CBN #MPC #FDC #Nigeria #Naira #Oil
The Naira is weaker than before and government revenue has dwindled as the oil crisis bites.
Some of the issues expected to top the agenda include the sinking oil prices, marginal increase in the nation’s inflation figure for the month of February, election-induced liquidity in the system and the relative stability which the new regime in foreign exchange market has brought to the naira.
However, experts believe no major policy shift may come out of tomorrow’s meeting and ruled out any major upset in the existing rates.
“All the things that are supposed to be done by MPC have already been done. I don’t expect any dramatic changes. The only thing that I believe may happen which is just out of intuition is that I think they may bring down interest rates. The central bank may consider bringing down interest rates by one per cent.” Bismark Rewane, president of Financial Derivative Company says.
#CBN #MPC #FDC #Nigeria #Naira #Oil
