Nigeria Economy: … All is set for November MPC Meeting
All is now set for the last MPC meeting for the year billed to hold on Monday and Tuesday, 23rd and 24th of November, 2015. The meeting is coming at a time when challenges that confront us as a nation have been x-rayed and packaged for immediate attention from all stakeholders.
Major highlights of September Meeting….
At the last meeting of the MPC in September, the committee acknowledged severity of challenges in the economic environment amongst which are;
weakened GDP
mounting inflation
continued pressure on the Naira and foreign reserve account
protracted weakness in global crude oil price
and mounting credit to the government.
Notwithstanding the above challenges, the committee voted to maintain status quo
on the MPR and exchange rate and harmonize CRR on public and private at 25%.
https://drive.google.com/file/d/0B7bfqve2E3QrMlJHWWZvZHFsX00/view?usp=sharing
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