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BoG maintains policy rate at 13.5%

BoG maintains policy rate at 13.5%
modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.

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CBN's funding interventions prop GDP numbers


CBN’s funding interventions prop GDP numbers
On
By Emeka Anaeto, Business Editor
The Central Bank of Nigeria, CBN, is set to sustain the positive developments in the Nigerian economic growth performance amidst the threats of stagflation.
Governor of CBN, Godwin Emefiele, who gave this hint at the last Monetary Policy Committee Meeting, MPC, of the apex bank earlier this week, also indicated that it’s pro-growth policy strategy would be sustained despite the inflationary pressures.
The pro-growth strategy of the apex bank entailed expansionary monetary policy which encouraged supply of capital to the economy especially the real sector.
The apex bank had, at the wake of the COVID-19 pandemic established a battery of intervention financial facilities to spur economic activities against the adverse impact of the pandemic which had forced Nigeria’s economy into recession in the third quarter of 2020 after two consecutive quarters of negative growth. ....

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