MONETARY POLICY DECISION - Growth-price dynamics signpost a hold position
At the final meeting of the year, all ten members present at the Monetary Policy
Committee voted unanimously to maintain all monetary policy parameters. As a
result, the Monetary Policy Rate (MPR) was maintained at 11.5%, the Cash
Reserve Ratio (CRR) at 27.5%, and the Liquidity Ratio at 30.0%.
CBN maintains status quo amid impending external risks
Concerning the global economy, the committee acknowledged the steady
recovery of economies as the influence of COVID fades, but also underlined the
uneven vaccination progress and the emergence of more contagious strains of
the virus as imminent threats to recovery. Meanwhile, inflation continues to
climb, as a result of supply chain disruptions and legacy structural problems,
giving room to premature rate hikes which dampens the recovery process in
several emerging economies.
Vetiva provides clients with independent and unbiased access to analysis and opinion. We keep our clients on the cutting edge of market information and provide up to date market intelligence on quoted companies. Our services allow brokers, investment firms, and asset managers focus their energies on developing investment strategies and client relationships.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.