MPC: Analysts rule out monetary tightening, as naira remains strong

by | July 24, 2017 1:31 pm

Ahead of the Monetary Policy Committee (MPC) meeting scheduled for Monday and Tuesday in Abuja, analysts in the financial services sector have ruled out the possibility of a further monetary tightening. Their argument is based on easing external sector pressures, moderating Core inflation and downside risk of further increasing already high government borrowing costs. “With…

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