Written by: Lukman Otunuga, FXTM Research Analyst
The
window for the Central Bank of Nigeria
to cut interest rates just narrowed following reports of Nigeria’s inflation rate
rising to 11.23% in August. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Inflation
in Africa’s largest economy has jumped for the first time in over one year
thanks to rising food prices. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
It must be kept in mind that for an extended period, the Central Bank of
Nigeria (CBN) was waiting for inflation to reach single digits before cutting
interest rates to support growth.
Now
that consumer prices are at risk of rebounding further as pre-election spending
triggers demand-pull inflation, the CBN could be forced to remain on standby
this year. An interest rate cut has the ability to stimulate economic growth in
Nigeria. However, it may end up triggering capital outflows as the monetary
divergence between the Fed and CBN widens.
Are you an exporter? Do you like
to master the contemporary dynamics of non-oil export trade and avoid getting
defrauded by the foreign buyers of your exportable products? Click on the link
below:
Have you ever imagines how the
financial status of your company will grow when more than 20,000 CEOs and top
managers of multinational companies pay for your products and services? For
more information, click on the link below:
http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
No comments:
Post a Comment