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Markets react to Governor Emefiele’s decision to keep rates on hold

By CNBC
04 December 2019   |   6:20 am
Nigeria’s Monetary Policy Committee voted to keep the benchmark Interest rate unchanged at 13.5 per cent. In its communiqué, the MPC noted that holding its current policy position offers pathways for appraising the effect of policies encouraging lending by the banks. Head of Research at Vetiva, Usoro Essien joins CNBC Africa for a focus on Nigeria’s banking sector.

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4 Dec 2019
Nigeria’s Monetary Policy Committee voted to keep the benchmark Interest rate unchanged at 13.5 per cent. In its communiqué, the MPC noted that holding its current policy position offers pathways for appraising the effect of policies encouraging lending by the banks. Head of Research at Vetiva, Usoro Essien joins CNBC Africa for a focus on Nigeria’s banking sector.
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Nigeria’s Monetary Policy Committee (MPC) will announce its last monetary decision for the year on Tuesday. Head of Investment Research at Afrinvest Securities, Abiodun Keripe joins CNBC Africa to discuss expectations for the MPC decision.
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