Markets eye bolder rate cut as inflation cools
Markets are positioning for a bolder interest rate cut in November after headline inflation dipped to 18.02 percent in September, driven by lower food prices.
The inflation figure for September is the lowest level recorded in three years, strengthening expectations that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (MPC) could deliver a more aggressive rate reduction at its next meeting.
The inflation figure was lower than the 19 percent projected by m
…Lower food prices slow headline inflation to 18.02%
Markets are positioning for a bolder interest rate cut in November after headline inflation dipped to 18.02 percent in September, driven by lower food prices.
The inflation figure for September is the lowest level recorded in three years, strengthening expectations that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (MPC) could deliver a more aggressive rate reduction at its next meeting.
The inflation figure was lower than the 19 percent projected by m