Expert reacts as Nigeria MPC retains lending rate at 14%
By CNBC Africa
26 July 2018 |
12:21 pm
Although Nigeria's Central Bank Governor, Godwin Emefiele, announced that the country's baseline rate would be maintained at 14 per cent, he stated plans to implement initiatives that could reduce the cost of funds to key sectors of the country's economy.
In this article
Related
7 May 2018
Lebanon Central Bank Governor Riad Salame discusses the Lebanese elections, structural reforms, financial engineering, protection of the peg and his outlook for gold.
24 Sep 2018
The Central Bank of Nigeria established a bridge bank; Polaris Bank, to take over the assets and liabilities of Skye Bank. The Asset Management Corporation of Nigeria will capitalise the bridge bank and begin the process of sourcing investors.
21 Apr 2019
Kenya Central Bank Governor Patrick Njoroge discusses ongoing loan negotiations with the IMF, a pending Eurobond sale, and the valuation of the Kenyan shilling. He speaks with Bloomberg's Vonnie Quinn and Guy Johnson on Bloomberg Television.
11 Jun 2019
Godwin Emefiele seeks stronger efforts against global shocks.
27 Jun 2019
Governor of the Central Bank of Nigeria, Godwin Emefiele says the apex bank plans to pursue a program of recapitalising the banking industry in the next five years. He made this known while unveiling his 5-year policy direction for his second term in office. Andrew Nevin, Partner and Chief Economist at PwC Nigeria joins CNBC Africa to assess the CBN’s 5-year plan.
10 Sep 2019
Ghana’s central bank has additional space to loosen policy thanks to the global move toward lower interest rates, as long as inflation slows, according to Governor Ernest Addison. He was interviewed by Bloomberg TV’s Manus Cranny st the World Economic Forum on Africa in Cape Town.
29 Oct 2019
About 500,000 bags of local rice was sold by millers within one week of the border closure, the Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has revealed.
16 Apr 2021
After Recep Tayyip Erdogan fired a hawkish Central Bank governor and installed a like-minded critic of high interest rates, the new governor is expected to fulfill the president's wishes for lower interest rates.
Latest
26 mins ago
The burning of fossil fuels like coal and gas supercharged the heat wave that has scorched India and Pakistan in recent weeks, two separate attribution studies have found.
27 mins ago
The opposition leader has been behind bars since January 2021 on charges of fraud. The US has described the legal process as a "sham" while human rights groups have decried his treatment in prison.
37 mins ago
Imran Khan may be out as prime minister, but he still has plenty of supporters. They turned out in force on Sunday, and his party has called for more protests. This underscores how shaky political situation remains.
2 hours ago
Italians poured into the streets and squares of Rome in massive numbers on Wednesday as the A.S. Roma soccer team defeated Feyenoord to win the Europa conference league final.
3 hours ago
Olaf Scholz signed deals that will see Germany help African nations build their infrastructure to extract and export oil and gas to Europe. He also promised to keep German troops in the Sahel.