With the signing of the Appropriation Bill after a 6 month delay, the market is likely to witness a flurry of activities. These will range from the authority to incur expenditure to the disbursement of capital votes. The impact of these on market liquidity, fiscal deficit and consumer prices cannot be underestimated. In all, we expect a temporary surge in prices.
The attached is a brief analysis of the implications of these price movements and forecasts for the week ahead.
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