• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, October 3, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Expert suggests change in rates as CBN holds 2-day MPC meeting

MPC

The Matters Press by The Matters Press
July 18, 2022
Reading Time: 1 min read
0
Consumer commission, CBN, EFCC investigate violations in money lending

A Financial Expert, Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to ensure a complete review in all the rates in Monetary Policy Rates .

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Unegbu gave the advice ahead of the CBN two-day Monetary Policy Committee (MPC) meeting for July on Monday.

The apex bank and increased the Monetary Policy Rate (MPR) from 11.5 to 13 per cent in the last MPC meeting in May, the first change after over two years.

It, however, held all other parameters constant.

Unegbu said that heightening inflation and other economic challenges required the CBN to take all-encompassing look at the rates to meet with global economic trend.

Meanwhile, analysts from Afrinvest Limited projected that the MPC would maintain the MPR at its July meeting.

According to the analysts, the increase in the MPR in May failed to have an immediate impact on inflation due to weak and delayed transmission mechanism of monetary policy.

“We believe the MPC will retain status-quo on MPR.

“Our hold-steady outlook is premised on the expectation that the committee will prefer to give more time to assess the impact of the last policy change,” they said.

According to analysts from Cowry Assets Management Limited, global macro-economic stability is now under threat from inflation.

“Thus the policy changes in responding to it will have substantial repercussions across emerging and frontier markets economies.

“”However , we see the acceleration in the inflation numbers in June offering policy makers limited room to maneuver rates.

“Thus, we project the July inflation to further accelerate to 18.90 per cent, ” they said.

Tags: CBNOil
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Nigeria to allocate $200m for creation of agricultural service centres

AfDB approves $134m loan for Nigeria’s agricultural scheme

Nigeria’s N225bn bonds oversubscribed

DMO raises N123bn in bond auction July

Recommended Stories

TotalEnergies, CNOOC in deal to invest in Uganda’s Lake Albert

TotalEnergies posts N16.8bn profit for 2021

June 16, 2022
Chevron, NNPC secure $1.4bn for drilling project

Nigeria’s new status as Africa’s top oil, gas investment hub, credit to Tinubu’s policies

January 26, 2025
Myanmar central bank revokes licenses of 13 forex companies

Myanmar central bank revokes licenses of 13 forex companies

August 15, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us