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Akindele: 150bps MPR hike aggressive

Analysts say the CBN’s Monetary Policy rate hike announced today is an aggressive stance which calls for the fiscal authorities to come up just as aggressive. Speaking at CNBC Africa’s MPC Announcement Day Coverage, Kayode Akindele, MD/CEO of Coronation Capital, Emmanuel Odiaka of ECOB Capital and Bismarck Rewane of Financial Derivatives say the next step to drive the economy requires fiscal discipline, addressing current FX misalignment and driving confidence in naira assets.
Tue, 21 May 2024 16:56:31 GMT

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