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Abiola Benjamin ObayomiAbiola Benjamin Obayomi
Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeria work.
Joined 8 years ago
From Abuja, Nigeria
Total Articles 327

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Article Category >>>Business and Economy

Experts Call For Review Of Monetary Policy Rates By CBN

By Abiola Benjamin Obayomi       Oct 03, 2017



Experts Call For Review Of Monetary Policy Rates By CBN

A financial analyst and Head, Banking and Finance Department at the Nasarawa State University, Keffi, Dr. Uche Uwaleke, says it has become imperative for CBN to signal a gradual easing of monetary policy considering the waning headline inflation. 

Also to consider, he said, are the level of stability in the exchange rate on the back of improved liquidity and the marginal positive growth and real GDP recorded in the second quarter of 2017.  

Uwaleke said the lending policy rate of Nigeria has been at 14% for 14 months under a tight monetary regime.  

However, in carrying out this process, the financial expert maintained that adequate preparation and planning should be carried out by the central bank before any adjustments and changes in the current lending rates of the country as to complement the current Economic and Recovery Growth Plan of the Federal Government.

Daily Trust



  
1795


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