MPC Standing Still on a Tread Mill

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As widely expected, the MPC maintained the status quo on the monetary policy stance at its last meeting.

The CBN governor cited multiple risks including global economic uncertainty, reversal of capital flows and the rekindling of domestic inflationary pressures.

As they say, when in doubt, you have only six options. The CBN chose the wait and see mode.

 

(fdcng)

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