Emerging markets are pivoting. After leading the world into aggressive tightening, they are now leading the turn toward easier money. Policy rates that once defended currencies and crushed inflation are beginning to fall — not because risks have vanished, but because the balance of risk has shifted. The question is no longer whether inflation can…
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For decades, Nigeria’s monetary policy operated in a hybrid space—part rules, part discretion—constrained by fiscal dominance, exchange-rate pressures, and deep structural inflation drivers. Monetary decisions were often shaped as much by administrative controls, directed credit, and quasi-fiscal objectives as by price stability. That framework is now changing. In recent years, the Central Bank of Nigeria…
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Japan, having grappled with deflation during the lost decades (the 1990s-2010s), has repeatedly pursued government interventions in the hope of revitalizing its economy. One such strategy was ‘Abenomics’, a shock-and-awe stimulus policy that was the signature in the economic realm of Japan’s longest-serving Prime Minister – Shinzo Abe. The term, ‘Abenomics’ is a portmanteau of…
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A new strain of the coronavirus bursting in to disrupt end-of-year programs was not the only surprise the end of the year had, for financial markets at least. Central Banks in major economies; the US Federal Reserve, European Central Bank (ECB), and Bank of England (BoE), had a gift for the market – the earlier-than-expected…
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