The Monetary Policy Committee of the Central Bank of Nigeria (CBN) may have stirred the hornet's nest with the retention of a tight monetary rate at its meeting last week as analysts reckon that the tight policy may have outlived its usefulness in the face of the current frightening rate of unemployment and stunted growth brought about by the attendant high interest rates, reports Festus Akanbi
Nigeria: Why Is CBN Fighting Inflation and Not Stunted Growth?
This Day (Lagos), 25 November 2012
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) may have stirred the hornet's nest with the retention of a tight monetary rate at its meeting last week as analysts reckon that the tight policy may have outlived its usefulness in the face of the current frightening rate of unemployment and stunted growth brought about by the attendant high interest rates, reports Festus Akanbi
Comments Post a comment