Economic Brief: MPC likely to retain status quo in September meeting

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will hold her 5th scheduled meeting of the year, starting from today, Monday 25st to Tuesday, 26th September, 2017…

 

The meeting is coming at a time when the economy has just recorded a positive GDP growth in over 15 months of recessionary span, back dated to March 2016…

 

Despite this development, the economic environment remains very fragile and as such, the committee is expected to review challenges around;

  • unrelenting high inflation pressures
  • unabated pressure on the FX window…

 

Irrespective of the above, we foresee the committee retaining status quo on most position as depicted below with a focus on the fiscal authority pulling string on the economy through ERGP…

 

Kindly click  here to download the Pre-MPC September 2017 note.

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