MPC Holds its Fire

Dear Subscriber,

Analysts are divided as to why the CBN left the monetary policy rate (14% p.a) and other parameters unchanged at a time of slowing GDP growth.

Whilst the CBN made a strong case of the risk of simmering inflation and possible external imbalances, the markets are still perplexed by the status quo ritual.

In the attached slides presented on channels TV by Bismarck Rewane on May 22nd, the impact and implications of the decision are properly dimensioned

Do enjoy your read…