Lagos, Nigeria

Month: September 2020

Anticipate inflation scorches

The year of the metal rat (i.e. 2020) is clearly not the year for the Nigerian consumer. A cross-current of declining incomes and rising prices implies that there is no robust consumer out there. Lending credence to this fact is the pessimistic response of the Q2’20 Consumer Expectations Survey (CES) which was attributed largely to…
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Wielding the axe on interest rates

With the US Federal Reserve Bank poised to allow inflation moderately above 2%, interest rates in the US could remain low for as long as necessary to enable other economic areas in the US economy, such as the labour market, catch up. This decision will determine the price of borrowing and savings deposit rates, not…
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