MPC: Expert predicts lower interest rate
Omeiza Bilal
Analyst have predicted lower interest rate in anticipate that the Central Bank’s Monetary Policy Committee may likely shift its hawkish stance on the benchmark interest rate as members begin a two-day meeting Monday.
In a chat with financial analysts at the weekend, Business Affairs Newspapers they opined that with inflation trending down for two consecutive months, members of the committee should be motivated to lower lending rates marginally.
Development Economist Mr. Yunoos Suleiman, predicted that interest rate will come down, following downward trend in inflation rate, according to the report released by NBS recently.
“With inflation trending down in two consecutive months, the members of the MPC may likely lower rates. And the CBN has shown a sign of this with the reduction of Treasury Bills rates,” he asserted.
