April 16, 2021
  • April 16, 2021

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How Rising Interest Rates Could Affect Emerging Markets

by on April 5, 2021 0
By Philipp Engler, Roberto Piazza and Galen Sher Rapid vaccine rollout in the United States and passage of its $1.9 trillion fiscal stimulus package have boosted its expected economic recovery. In anticipation, longer-term US interest rates have risen rapidly, with the rate on 10-year Treasury securities going from under 1 percent at the start... Read More

Nigeria retains benchmark interest rate at 11.5%, CRR at 27.5%

by on November 24, 2020 0
By Oludare Mayowa In spite of the fact that Nigeria’s economy slipped into recession in the third quarter of the year, the Central Bank of Nigeria (CBN) retained its benchmark interest rate at 11.5 percent on Tuesday. At the end of its Monetary Policy Committee (MPC) meeting, the monetarists retain all the parameters at... Read More

Nigeria Exchange Rate: Still the elephant in the room

by on November 4, 2020 0
Analysts at the investment banking group, United Capital Plc review the development in the Nigerian foreign exchange market and concluded that the Central Bank may need to devalue the naira again and adjust the interest rate environment to attract forex flow from offshore investors. Over the last two months, policy reforms in Nigeria have... Read More

Implications of CBN decision to cut interest rate

by on September 23, 2020 0
The Central Bank of Nigeria (CBN) on Tuesday slashed its benchmark interest rate by 100 basis points to 11.5 percent, the first of such rate cut since May, citing the need to force banks to increase lending to the economy. Anaylsts are surprised at the sudden rate cut by the CBN in view of... Read More