MACROECONOMIC UPDATE – MPC HIKES RATE TO 17.50%
Dear Customer, At the first Monetary Policy Committee (MPC) meeting of 2023, the committee voted to tighten its stance further, by 100bps. The Monetary Policy Rate thus stands at 17.50% with other parameters being held constant. This hike marks the fifth consecutive increase in the MPR, following rate hikes in May (1.50%), July (1.00%), September […]
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