Economic experts have expressed concerns about the current twist within the Nigerian economic landscape which continues to put the Central Bank of Nigeria Monetary Policy Committee in a tight corner, providing them little room for a rate maneuver as they converge for the second statutory meeting.
As the MPC meets Monday and Tuesday to deliberate on a number of indices to help
decide whether to hold or tweak the rates, inflation has gotten in the way already reaching a four year high at 17.33%, as well as other major talking points such as the recent exit from the recession with minimal growth at 0.1% in Q4 2020, depleting external reserves in the face of rallying oil price in the global market.