Lower CPI puts focus on MPR, bank profits

by | May 2, 2013 3:49 pm



The lower consumer price index (CPI) print for March is putting a renewed focus on the outlook for the Central Bank of Nigeria’s Monetary Policy Rate (MPR) and its impact on bank profits going forward. Inflation in Nigeria eased to 8.6 percent year-on-year (y/y) in March, from 9.5 percent y/y in February and 9 percent…

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