Monthly Archives: September 2015

A post mortem of the September 2015 MPC meeting

…I had seen such misery…and I knew behind it all were vain and cynical men, who had closed their eyes, hearts and minds…rather than admit they might have made a mistake. Frederick Forsyth At this week’s monetary policy committee (MPC) meeting, the Central Bank of Nigeria faced a rapidly deteriorating economic landscape. Firstly, against CBN […]


6.0 GARBA, ABDUL-GANIYU Context of Decision The global economic outlook remains uncertain, tenuous and tough for emerging markets and resource driven economies. The Euro-Greek crises, the busting of the Chinese asset market bubble and the persisting uncertainty about the timing of the US Fed’s rate increase have heightened uncertainties in global financial markets. For oil […]