if them like,they shud raise it to 100%.
we will still survive.
heedless pple.

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Buhari and emefiele are the greatest accident that as ever happened in Nigeria history.

If he likes increase it to 100% time is ticking and by this time next year by God's grace we will be preparing to install a newer, God fearing, leader not ruler that will take nigeria to the promise land.

I am tired of this stale nepotic ruler that has turn nigeria to headquarters of all evil things

Built2last:
How in heaven's name can you have MPR of double digit and expect the economy to grow.

How can small businesses borrow and pay back with such ridiculous base rate.

We have a dumb Bleep running our monetary policy in CBN.

A clueless nincompoop running our fiscal policy in Ministry of finance

A commander in chief with no clue of what should be done.

No wonder we have been on downward spiral.

TUEH

Olodo, MPR raise na short term monetary instrument to rein in rising inflation. E dey different from fiscal policies. As inflation dey rise so, sensible cbn go raise interest to encourage more people to save and reduce d amount of naira chasing finite goods.
school u no go u dey hia dey waste ur life away with idleness. shiorr.

With dis una idleness ehn, d suffer wey dey wait for some of una in old age ehn. I no go pity una. Awon lazy empty headed yoots gbogbo. Na only stupid ponzi crypto una brain fit understand. shiorr

Lol. Every Emeka, Musa and Tunde forming economist here. See una wide mouth

Whether we agree or not, this was the best action for now. All the more crucial as electioneering spending gets into full swing

Nigerialabalaba:

Olodo, MPR raise na short term monetary instrument to rein in rising inflation. E dey different from fiscal policies. As inflation dey rise so, sensible cbn go raise interest to encourage more people to save and reduce d amount of naira chasing finite goods.
school u no go u dey hia dey waste ur life away with idleness. shiorr.

With dis una idleness ehn, d suffer wey dey wait for some of una in old age ehn. I no go pity una. Awon lazy empty headed yoots gbogbo. Na only stupid ponzi crypto una brain fit understand. shiorr

The comments on the first page show a high level of ignorance. Very sad.

lalasticlala:


https://nairametrics.com/2022/05/24/cbns-monetary-policy-committee-raises-interest-rate-to-13/?amp=1

Interest rate of 13 % lol,what a country

bluefilm:
Jisos

E dey follow you watch blue film?

Built2last:
How in heaven's name can you have MPR of double digit and expect the economy to grow.

How can small businesses borrow and pay back with such ridiculous base rate.

We have a dumb Bleep running our monetary policy in CBN.

A clueless nincompoop running our fiscal policy in Ministry of finance

A commander in chief with no clue of what should be done.

No wonder we have been on downward spiral.

TUEH

It's copy,copy CBN monetary policy.
They hear the US and Europe have increased interest rate and viam,they do same,not knowing the economic and monetary environment are completely different.
Same thing happened with COVID.Despite telling us our COVID rates were constantly less than 1%,the whole nation was still put on lockdown.

nomenclature:
Interest rate of 13 % lol,what a country

...........of 200 million prayer warriors and owambe life choppers expecting miracles of zero work on public office holders

johnkay1:







EMEFIELE IS READY TO PUNISH NIGERIANS FOR KICKING AGAINST HIS CANDIDACY.

NEXT IS RAISING BANK STAMP DUTY FROM #50 TO #200.

LOL


I HEARD CUSTOM DUTY ON COROLLA 2007 IS #1.2MILLION. WE GO WISE BY FORCE

No wonder Buhari retained the idiot

aieromon:


The comments on the first page is just a show of ignorance. Very sad.

dem full everywhere o. If u see dem for real life, u go tink say because dey can read, write dem suppose get something upstairs. For where? Dem no get shishi sense!! Dem go school juat to mark attendance and cheat for exams.
Na hunger, disgrace, depressions from suffethead go kill dem as dey grow older las las unless dem quit dis dua nonsense unproductive life. Awon unserious lazy olodo yoots

ajerimitan:
Has any one told them that what is happening is cash pull inflation? How can this rate ever match the loss incurred due to exchange rate? Now that the dollar is gaping up against the naira. Do they think they can fool foreign investors to displace dollar for the naira especially with the unstable government and its policy? Must they wait till its 1000 naira per dollar for them to take the right step? Now that there is a very profitable triangular arbitrage in favour of the dollar how will the CBN correct that.

Those earning in dollars even though they are lucky bunch but they still have to keep up with inflation after exchanging their dollars into naira for local consumption.

He wan recover the 100 milla he donted to APC.

ekenetheorg:
Good. They should equally issue bonds let's see who will buy

The implication here is that if they sell bonds, the rates will be higher, so yes people will be more interested to buy in.

ekenetheorg:
Good. They should equally issue bonds let's see who will buy

sheybi they stopped issuing bonds some time ago and said investors should instead use the money for FDI. Or something like that.

Nna ehn, this current administration odiegwu

If you people like don't vote wisely next year...na so e go dey rotten dey go

bluefilm:
What does it mean?

The CBN wants to reduce the volume of cash in circulation. It is a way of mopping up excess cash in circulation in an attempt to force down down prices of commodities or simply put,to reduce inflation. Inflation basically, is a situation whereby too much cash/money is chasing after few goods which pushes up the prices of these goods. Therefore,to reverse this trend,the CBN will increase rates so as to encourage people to save their excess cash. This can be done in different numbers of ways - FG Bonds,Fixed deposit,Term deposit etc. When MPR is increased,interests payable to those bank customers who have FD,TD or those who buy FG Bonds increase as well.

I hope you have an idea now.

I hope

This guy should have raised this rate since na.
Infact the raise is not even close.

Ordinarily, the rate should be close to 15% but because this will affect overall lending rate that's why is wasn't raised much.

And I read in punch that it's 13.5% not 13%.

According to macroeconomics, interest rate must be higher (close) than inflation rate or else more money will.be chasing fewer goods which will lead to more inflation.
The rate should have been increased since last year.
If we are to follow the rules , the rate should be increased more but overall lending rate should made to be marginal.
Why the rate was high is because no cash was going back into the financial system hence people out a high interest on the few cash they have and money in circulation was too much,that's why u get money easily now but price of goods has increased even within a week
Assuming the rate has been increased all this while,
They would have mopped up excess cash in circulation and the inflation would have been held back.
A stability of the exchange rate will be seen now because less naira will also be available for the constant dollars.

@Nigerialabalaba
@vehintolar

VEHINTOLAR:

The CBN wants to reduce the volume of cash in circulation. It is a way of mopping up excess cash in circulation in an attempt to force down down prices of commodities or simply put,to reduce inflation. Inflation basically, is a situation whereby too much cash/money is chasing after few goods which pushes up the prices of these goods. Therefore,to reverse this trend,the CBN will increase rates so as to encourage people to save their excess cash. This can be done in different numbers of ways - FG Bonds,Fixed deposit,Term deposit etc. When MPR is increased,interests payable to those bank customers who have FD,TD or those who buy FG Bonds increase as well.

I hope you have an idea now.

I hope

Thank you so much.

It was becoming clearer for me until you started talking about FD and TD.

Lush100:
This guy should have raised this rate since na.
Infact the raise is not even close.

Ordinarily, the rate should be close to 15% but because this will affect overall lending rate that's why is wasn't raised much.

And I read in punch that it's 13.5% not 13%.

According to macroeconomics, interest rate must be higher (close) than inflation rate or else more money will.be chasing fewer goods which will lead to more inflation.
The rate should have been increased since last year.
If we are to follow the rules , the rate should be increased more but overall lending rate should made to be marginal.
Why the rate was high is because no cash was going back into the financial system hence people out a high interest on the few cash they have and money in circulation was too much,that's why u get money easily now but price of goods has increased even within a week
Assuming the rate has been increased all this while,
They would have mopped up excess cash in circulation and the inflation would have been held back.
A stability of the exchange rate will be seen now because less naira will also be available for the constant dollars.

@Nigerialabalaba
@vehintolar

You are valid. I go plead make we read d report and how dem each vote to arive at the new rate.

U sabi say economics in scenarios like dis no be science, e dey more like art because some of d factors dey outside ur control. For example, election go soon start and historically, e dey impact consumer and corporate spendings .now con add that to external factors like putin's way, rising crude oil price and food.

If dey are going to raise am, dem go likely consider these things but d good thing be say na temporary and mpc on its own no dey tell d full story. I get you shah. U get sense

bjtinz:
Lol. Every Emeka, Musa and Tunde forming economist here. See una wide mouth

Whether we agree or not, this was the best action for now. All the more crucial as electioneering spending gets into full swing

Economic policies do not work in Nigeria, and in most poor countries.

They only work in an highly organised and honest economy. And not in a bastardised and molested economy like Nigerian.

gbaskiboy:
All we are saying give us good economy policy that will drive the economy to the highest point where things will be favorable to us all.

How.does.tyis drive the economy

Interest rate will mean increase in the cost of borrowing
Meaning people will be forced to spend less

ekenetheorg:
Good. They should equally issue bonds let's see who will buy

anonimi:


More hardship, more extreme poverty, more jobless people from retrenchments, more sorrows, tears and blood.

You haven't answer him bros

Lush100:
This guy should have raised this rate since na.
Infact the raise is not even close.

Ordinarily, the rate should be close to 15% but because this will affect overall lending rate that's why is wasn't raised much.

And I read in punch that it's 13.5% not 13%.

According to macroeconomics, interest rate must be higher (close) than inflation rate or else more money will.be chasing fewer goods which will lead to more inflation.
The rate should have been increased since last year.
If we are to follow the rules , the rate should be increased more but overall lending rate should made to be marginal.
Why the rate was high is because no cash was going back into the financial system hence people out a high interest on the few cash they have and money in circulation was too much,that's why u get money easily now but price of goods has increased even within a week
Assuming the rate has been increased all this while,
They would have mopped up excess cash in circulation and the inflation would have been held back.
A stability of the exchange rate will be seen now because less naira will also be available for the constant dollars.

@Nigerialabalaba
@vehintolar

Does.not.work.the way you have put it

Increase in interest rate means increase in the cost of borrowing
It also means people will spend less to purchase goods and services
That can lead to a cooling down of your economic growth.
I understand that emiefele wants to bring down inflation but if the nation is finding it difficult to produce.
Money will be pursuing less goods

Credit contraction, possible reduction in inflation. Flow of funds from the equities market to fixed income and money markets.

bluefilm:


Thank you so much.

It was becoming clearer for me until you started talking about FD and TD.

FD - Fixed Deposit
TD - Term Deposit.
Fixed deposit, also known as an FD, is an investment instrument offered by banks, as well as non-banking financial companies (NBFC) to their customers to help them save money. With an FD account, you can invest a sizeable amount of money at a predetermined rate of interest for a fixed period. Term Deposit is a form of fixed deposit too except that it has shorter investment period.

The CBN periodically sends what is known as Rate advisory sheet to all the Deposit Money Banks (Commercial Banks) stating all corresponding rates payable to different categories of funds invested by the banks' customers. The trick is this,if the rate is high,people will be encouraged to deposit their excess cash for save keeping and on the other hands,if the rate is low,it discourages people from investing in any of the aforementioned investment instruments.

I hope I try sha !

Built2last:
How in heaven's name can you have MPR of double digit and expect the economy to grow.

How can small businesses borrow and pay back with such ridiculous base rate.

We have a dumb Bleep running our monetary policy in CBN.

A clueless nincompoop running our fiscal policy in Ministry of finance

A commander in chief with no clue of what should be done.

No wonder we have been on downward spiral.

TUEH

The economy is growing now, businesses have returned to normal, however inflation is now a problem, it's a double edged sword, there is a level of inflation that's good for economic growth, but after that level it's detrimental to growth.
This policy increase is long over due, and before the elections proper, it will be increased again due to excessive inflow of cash into the economy by these politicians.

This Emefele is mad