A mix of foreign exchange stability, inflation expectations, capital spending, growth acceleration among other positive impacts of past policies will make the Monetary Policy Committee (MPC) to leave policy rates unchanged, analysts say. “While we observe the improvements in some economic indicators such as external reserves, FX liquidity, inflation rate among others, the economy still remains in a fragile state of recovery. We therefore expect the MPC to maintain rate at the current level. Analysts from Cowry Assets Management Limited, just like their counterpart at Financial Derivatives Company Limited believe that the MPC will retain policy rates. However, Meristem belives that the same could not be said of the other policy objective – price stability.

Source: Nigerian Tribune November 20, 2017 03:09 UTC