CBN may retain lending rate as MPC meets today

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The Monetary Policy Committee is due to begin its two-day meeting on the economy on Monday (today) amid the economic crisis fuelled by the naira redesign policy and fuel scarcity.

“The only thing they need to do is how to bring liquidity into the system for people to have money to commence their activities because it is like restarting the economy.”

According to analysts at Greenwich Merchant Bank, at the MPC meeting, “It is expected that the committee’s hawkish stance will continue, given its resolution to restore price stability. Analysts at Cordros Research stated that “Looking ahead, we believe investors will focus on the outcomes of the bond auction and the MPC meeting scheduled to hold next week to gain further clarity on the movement of yields in the fixed-income market.

 

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