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Experts see MPC MPR decisions strike balance between inflation and driving


Lagos, May 25, 2021 The Association of Capital Market Academics of Nigeria (ACMAN) says retention of all policy parameters by the Central Bank of Nigeria (CBN) is in line with expectations, due to stagflation.
Stagflation refers to an economy that is experiencing a simultaneous increase in inflation and stagnation of economic output.
Naija247news reports that the Monetary Policy Committee (MPC) of the apex bank, at the end of its two-day meeting on Tuesday, retained all policy parameters.
The committee retained the Monetary Policy Rate (MPR) – benchmark interest rate – at 11.50 per cent, while asymmetric corridor remained at to +100/-700 bps around the MPR ....

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Economists evaluate Nigeria-China currency swap


Economists evaluate Nigeria-China currency swap
On
A map of Nigeria
Some Financial Economists have expressed great concerns on the minor influence that the Nigeria-China currency swap had  on the country’s economy, three years after.
The experts told the Newsmen in Lagos on Friday  that the volume of currency import so far traded, had not been significant, though a few swaps took place.
The pact which marked three years of implementation in April, was signed on April 27, 2018, to ease demand pressure on the country’s supply of foreign exchange.
The Chief Executive Officer of Arvo Finance, Mr Ayotunde Bally, said that the pact had not been fully utilised due to a decrease in the drawdown of the money input of the Chinese Yuan to the Central Bank of Nigeria. ....

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