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Coronation Weekly:MPC decision today
(Source: Coronation Research, Date: 26-Jan-2021)

The Monetary Policy Council (MPC) of the Central Bank of Nigeria concludes its bi-monthly meeting later today.  The economy may be close to exiting recession and inflation is going up (15.75% y/y in December). But we think the MPC will will keep its policy rate (MPR) at 11.50%, though with increased commentary on the need to contain inflation.

 

 

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