to consider its monetary tools and make crucial decisions on benchmark interest and other monetary rates.
The MPC traditionally reviews the developments in the domestic and global economies and the state of the financial markets, especially the domestic market, while making possible projections on the outlook as guidance for its decisions. Analysts noted that monetary tightening would contradict previous heterodox policies targeted towards improving the flow of credit to the real sector of the economy and prolong the recovery phase.
United Capital Plc said the direction of quoted stocks will be determined by monetary policy decisions.United Capital noted that monetary authorities might continue to use monetary policy measures available to salvage their economies from the potential damage of the COVID-19 pandemic, continuing the trend in 2020 when central banks took centre stage to provide emergency support facilities while adopting a broadly loose policy stance in line with global realities.
FDC stated that continuing rise in inflation will be a major issue at the MPC, noting that the apex bank cannot be oblivious to a rate of inflation which is now almost seven per cent above the upper limit of its inflation range of between six and nine per cent. FDC stated that it expected increase in the headline inflation in January, a view common among analysts.
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