FDC ECONOMIC BULLETIN – SEPTEMBER 26, 2017 (Re: CBN Holds Again – Better Safe than Sorry)

Dear Subscriber,

In line with market consensus, the MPC kept monetary policy stance on hold and maintained status quo on all other parameters. This decision enables the central bank to buy more time, to see if the current growth momentum and the inflation reduction are sustainable.

The central bank has put caution above audacity, and wisdom above courage in arriving at this decision.

The attached document contains an in-depth look at the decisions from the September MPC meeting.

Do enjoy your read…