ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Finance

CBN’s MPC begins two-day economic meeting today

Business 360 by Business 360
July 18, 2022
in Finance
0
CBN disburses N149.2b COVID-19 loans to households

The Central Bank of Nigeria’s Monetary Policy Committee will begin its two-day bi-monthly meeting on Monday (today). This came as analysts at Cordros Securities predicted that the MPC would retain the lending rates in the market after its July meeting.

The analysts disclosed this in the daily research that the MPC would keep rates unchanged despite external pressure The analysts said, “On balance, we expect the committee to retain the MPR at 13.0 per cent alongside other monetary policy parameters to allow previous policy actions to permeate the economy.

“However, we expect the committee’s tone to be hawkish in the light of the tightening of monetary policy by global central banks and the election spending effect on inflationary pressures.”

The CBN had disclosed that its 286th MPC meeting would commence today (Monday) and end on Tuesday in Lagos. Analysts at Cordros said since the last MPC meeting in May, global central banks have intensified their interest rate hiking cycles to contain the stubbornly high inflationary pressures.

They stated, “Federal Open Market Committee raised the federal funds rate by 75bps at the June policy meeting – the largest hike since 1994. At the same time, the MPC of the Bank of England increased the bank rate by 25bps to 1.25 per cent, the highest rate since January 2009 (1.50 per cent).

Previous Post

Nigeria’s inflation overshoots World Bank projection by 20%

Next Post

Marketers finally hike petrol price to N170-N190/litre

Business 360

Business 360

Next Post
Petrol subsidy may hit N11.2bn per week, Reps condemn $750m annual loss to gas flaring

Marketers finally hike petrol price to N170-N190/litre

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Access Bank partners with AfriGOpay to boost Nigeria’s payment ecosystem.

Access Bank partners with AfriGOpay to boost Nigeria’s payment ecosystem.

March 30, 2023
Elon Musk, Experts urge halt to AI training saying AI systems with human-competitive intelligence can pose risks to society and humanity

Elon Musk, Experts urge halt to AI training saying AI systems with human-competitive intelligence can pose risks to society and humanity

March 30, 2023
Maximizing opportunities in a challenging economy-Joshua Solomon tells his story.

Domestic airfares jumped by 66% in 2022 – NBS

March 29, 2023
Nigeria needs $2.3tn to address infrastructure deficit-FG

FG $22bn loan request rejected by Chinese bank – Reps

March 29, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

Access Bank partners with AfriGOpay to boost Nigeria’s payment ecosystem.

Access Bank partners with AfriGOpay to boost Nigeria’s payment ecosystem.

March 30, 2023
Elon Musk, Experts urge halt to AI training saying AI systems with human-competitive intelligence can pose risks to society and humanity

Elon Musk, Experts urge halt to AI training saying AI systems with human-competitive intelligence can pose risks to society and humanity

March 30, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!