Despite Receding Inflation, Election Spending May Compel MPC to Hold Interest Rate

[This Day] Despite the drop in inflation to 12.48 per cent in March to below the Central Bank of Nigeria's benchmark Monetary Policy Rate (MPR) of 14 per cent, members of the Monetary Policy Committee (MPC), slated to commence their two-day meeting in Abuja today, may be reluctant to ease monetary policies due to concerns over the likely impact of 2019 election spending on the economy.
Official Email: info@davinsons.com

Top News

Davinsons is all about the reader, YOU. We aim to make being informed as enjoyable and stressless as possible. We aim to aggregate, produce and distribute over 1000 news and information items daily from over 250 news organisations.

We operate from Abuja, Lagos, and the United Kingdom.