Analysts at Lagos-based FBNQUEST Merchant bank expect the Olayemi Cardoso-led Monetary Policy Committee (MPC) to lower Nigeria’s high interest rates when it meets next Monday as inflationary pressures slows.
“With headline inflation easing for the third consecutive month and the exchange rate remaining relatively stable, we expect the committee to consider a measured policy rate reduction between the range of 25 to 50 bps when it meets next week,” the analysts said in a note on Thursday.
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