Analysts expect interest rate hike as MPC meets on Monday
The Monetary Policy Committee (MPC) will commence its fourth meeting of the year on Monday, with expectations of a further increase in the interest rate, following renewed rise in the monthly inflation rate.
Most analysts Polled by BusinessDay anticipate an increase in the Monetary Policy Rate (MPR) in the range of 50 to 100 basis points.
At the last MPC meeting in May 2024, the Central Bank of Nigeria (CBN) had signaled a rate pause when monthly inflation slowed for more than two consecutive periods.
Other Financial News Headlines today July 22, 2024:
Nigeria’s risk profile seen rising on Dangote-NMDPRA dispute
Nigeria’s long battle against inflation continues as prices defy interventions
Dangote suspends investment plans in Nigeria’s steel sector on monopoly allegations
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