MPC Meeting: The hawks likely to remain in the minority

MPC meeting

MPC Meeting: The hawks likely to remain in the minority   By FBNQuest Research Although it left its benchmark rate of 11.50% and other parameters unchanged, the last meeting of the monetary policy committee (MPC) in March was notable for the split verdict. Three of the nine members present voted for a rate hike (one of 75bps and the other two of 50bps). From a close reading of their personal statements, we suspect that the committee will again opt for ‘no change’ later this month. The majority of rate-setting bodies…

Read more

NSE recovery may depend on MPC outcome, analyses of Q3 earnings reports

By Investdata Analysts The nation’s stock market pullback continued on Monday, beginning trading in the last full trading week of November very high volatile and mixed, owing to seeming panic selloffs among investors in what may be market reaction to weekend’s release of critical economic data by the National Bureau of Statistics (NBS) confirming Nigeria’s slip into yet another recession. Monday’s marginal loss paused the roaring bull market, amidst expectation for the outcome of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MC) meeting to be announced on Tuesday.…

Read more