Will CBN's hawkish screech keep banks in liquidity limbo?

A 150-basis point hike in policy rate and 5 per cent increase in the Cash Reserve Requirement for banks are ways the Central Bank of Nigeria is deploying to rein-in inflation in Nigeria which has risen by 280 basis points in the past 4 months to cross the 20 per cent mark. CBN Governor Godwin Emefiele says all banks must fund their accounts by Thursday for the anticipated CRR debit and banks may also be precluded from the FX market by Friday. Muyiwa Oni, Regional Head of Equity Research West Africa at Standard Bank Group joins CNBC Africa to discuss the implications for banks.
Wed, 28 Sep 2022 13:06:00 GMT