Monthly Archives: October 2014

Excerpts from the September 2014 CBN MPC

The last MPC meeting of the CBN in September was an anti-climax as everything the Godwin Emefiele, CBN Governor, mentioned during his press briefing suggesting the bank was set to tighten monetary policy. Curiously they left everything unchanged. Recently, the apex bank released minutes of the meeting with statements by members and as ever Abdul-Ganiyu […]

Nigeria: Inflation declines to 8.3% in September

The National Bureau of Statistics recently released September 2014 inflation numbers which showed that inflation declined for the first time in 6-months to 8.3%. Looking at the breakdowns, the core index component was flat at 6.3% whilst the food index dropped from 9.9% in August to 9.7% in September. In Nigeria, food accounts for more […]

Lessons from Japan

Hello I was looking at a chart showing the performance of the Japanese yen two days ago. Curiously the yen seemed to mimic the performance of main equity index in Japan – Nikkei 225. Here is the chart below Figure 1: JPYUSD vs. Nikkei 225 Source: Bloomberg The yen has shot up roughly 35% since […]