Tag: mosope arubayi
Due to the dependence of African countries on commodity exports, portfolio inflows, remittances and Official Development Assistance, a depletion of their reserves would necessitate further currency depreciations while currencies linked to key commodity exports may witness a slight reprieve as trade recovers in the second half of the year. That’s according to a report by Vetiva Capital. Mosope Arubayi, Economist at Vetiva joins CNBC Africa for more.
Vetiva Capital Management says although Nigeria’s total debt to GDP ratio is below the suggested prudential upper band of 40 per cent for developing economies, a higher than projected fiscal deficit, high cost of borrowing and weaker Naira may further limit Nigeria’s fiscal space and reduce the capacity to respond to the Covid-19 crisis. Mosope Arubayi, Chief Economist at Vetiva joins CNBC Africa for more.
Vetiva says it expects members of Nigeria’s Monetary Policy Committee (MPC) to vote to keep the Monetary Policy Rate (MPR) and all other policy rates constant today. Mosope Arubayi, Economist at Vetiva joins CNBC Africa for more.